What is a Multifamily Housing Loan?
A multifamily housing loan is either a mortgage when considering up to four units, but is considered a commercial real estate loan with five or more units. This can affect the lending process as you consider purchasing, remodeling, or refinancing.
Multifamily Housing Lending Benefits
- Competitive rates
- In-house underwriting
- Fixed and adjustable rate loan programs
- Term financing up to $4,000,000 on initial purchase, remodel or refinance
The loan amount, the interest rate, and the term of the loan can have a dramatic effect on the total amount you will eventually pay on a loan. Use our loan payment calculator to determine the payment and see the impact of these variables on a specified loan amount complete with an amortization schedule.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
1 – Loan approval subject to credit, income, property appraisal and qualifications. Costs may be associated with this loan. Offer not valid on current ACCU loans. Rates, terms and conditions subject to change or discontinue at any time and without notice. Federally insured by NCUA. Additionally insured by American Share Insurance.
APR = Annual Percentage Rate. Loan approval subject to credit, income, property appraisal and qualifications. Costs may be associated with this loan. Offer not valid on current ACCU loans. Rates, terms and conditions subject to change or discontinue at any time and without notice.