Freddie Mac Manufactured Housing Apartment Loans

Freddie Mac Manufactured Housing Apartment Loans

The Freddie Mac manufactured housing program provides flexible financing, competitive pricing, and a speedy execution for mobile home communites. This program expands affordable housing options for underserved populations, particularly in rural and non-metro areas where manufactured housing communities are predominant.


Manufactured Housing Loan Options and Requirements
Eligible Properties Existing, stabilized, high-quality, professionally managed manufactured housing
Loan Size $1 million+
Term Up to 10 years
Max Amort 30 years
Min DSCR DSCR Calculator 1.25x
Interest Rate Fixed- and floating-rate options
Prepayment - Fixed-rate mortgages: Yield maintenance until securitized followed by a 2-year lockout; defeasance thereafter. No prepayment premium for final 90 days. If loan is not securitized within first year, then yield maintenance applies for the life of the loan. Yield maintenance without defeasance is available for securitized mortgages for an additional cost
- For floating-rate mortgages: Yield maintenance at 1% or yield maintenance with step down
Recourse Non-recourse except for standard carve-out provisions
Tax & Insurance Escrow Required
Replacement Reserve Deposit Typically Required
Supplemental Financing Available
Early Rate and Spread Lock Options Early rate and spread lock options available, typically ranging from 60 days to 120 days

Program Plus Freddie Mac Loans

Program Plus Options
Fixed Rate Loans Floating Rate Loans
Lease-Up Loans Manufactured Housing Community Loans
Revolving Credit Facility Student Housing Loans
Supplemental Loans Value-Add Loans

Affordable Housing Freddie Mac Loans

Affordable Housing Options
9% LIHTC Cash Loans Bond Credit Enhancement with 4% LIHTC
Bond Credit Enhancement with Other Affordability Components Cash Loan with Other Affordability Components
Direct Purchase of Tax-Exempt Mortgages Preservation Rehabilitation Financing
Supplemental Loans Tax-Exempt Bond Securitization (TEBS)
Variable Liquidity Pricing

Other Freddie Mac Loans

Other Freddie Loan Types
Student Housing Loans Small Balance Loans
Freddie Mac Single-Family Rental (SFR) Pilot Program

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