MULTI-FAMILY (5+ Unit)
LOAN CRITERIA
Long-Term Multi-Family Loan Program Typical Leverages
Purchase
FICO
Maximum Loan-to-Value (LTV)
Maximum Loan-to-Cost (LTC)
740+
Up to 70% of the As-Is Value
Up to 70% Loan-to-Cost
720–739
Up to 70% of the As-Is Value
Up to 70% Loan-to-Cost
700–719
Up to 70% of the As-Is Value
Up to 70% Loan-to-Cost
Refinance
FICO
Maximum Loan-to-Value (LTV)
740+
Up to 70% of the As-Is Value
720–739
Up to 70% of the As-Is Value
700–719
Up to 70% of the As-Is Value
Cash-Out
FICO
Maximum Loan-to-Value (LTV)
740+
Up to 65% of the As-Is Value
720–739
Up to 65% of the As-Is Value
700–719
Up to 65% of the As-Is Value