FANNIE MAE DUS®
Supplemental
Whether your Arbor Fannie Mae loan was executed on a market rate or affordable property, under the Forward Commitment or Small Loans program, or on a cooperative complex or student-based property, you are eligible for a supplemental loan under the Fannie Mae DUS program.
Loan Amount | $1,000,000 minimum |
Loan Term | 5 to 30 years, coterminous or non-coterminous |
Amortization | Up to 30 years |
Interest Type | Fixed- or variable-rate options available |
Requirements |
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Eligible Asset Classes |
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Limitations |
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Underwriting |
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Minimum DSCR | As low as 1.30x, depending upon asset class and use of proceeds |
Maximum LTV | As high as 75%, depending upon asset class and use of proceeds |
Prepayment | Yield maintenance or defeasance |
Accrual | 30/360 and actual/360 |
Rate Lock | 30- to 180- day commitments; borrowers may lock a rate with the Streamlined Rate Lock option |
Recourse | Nonrecourse execution with standard carve-outs for “bad acts” such as fraud or bankruptcy |
Assumable | Subject to approval and 1% fee (nonrecourse loans only) |
Application Fee Deposit | $20,500; covers estimated processing and legal fees |
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