Small Balance Multifamily

Fund your vision with superior small balance multifamily lending

We offer customized financing solutions for loans $1 million and up to help you acquire or refinance a multifamily property. No matter the size, your loan is important to us.

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by the numbers

Top-ranked multifamily lender

#1

Fannie Mae DUS Producer in 2025

Fannie Mae DUS Producer in 2025

#1

Fannie Mae DUS® Producer for Small Loan in 2025

Fannie Mae DUS® Producer for Small Loan in 2025

#3

Freddie Mac Optigo Lender in 2025

Freddie Mac Optigo Lender in 2025

Current Rates

Fannie Mae Multifamily Small Loans

  • Columns display rates by maximum loan-to-value (LTV) and minimum debt service coverage ratio (DSCR).
  • Fixed products have fixed interest rates throughout the stated loan term.
  • 5- & 7-year hybrid products have a 10-year loan term with an initial fixed-rate period as indicated in the loan product's name, converting to a floating-rate product thereafter. 10-year hybrid products follow the same structure, but with a 20-year term.

Fannie Mae

Last Updated

LTV | DSCR

80% | 1.25x

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.49% - 6.69%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.44% - 6.64%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.47% - 6.67%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.60% - 6.80%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.75% - 6.95%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

7.33% - 7.53%

April 28, 2026

LTV | DSCR

65% | 1.35x

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.14% - 6.34%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.19% - 6.39%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.27% - 6.47%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.40% - 6.60%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.55% - 6.75%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

7.13% - 7.33%

April 28, 2026

LTV | DSCR

55% | 1.55X

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

5.99% - 6.14%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.04% - 6.19%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.12% - 6.27%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.25% - 6.40%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.40% - 6.55%

April 28, 2026

5-Year Fixed

7-Year Fixed

10-Year Fixed

12-Year Fixed

15-Year Fixed

30-Year Fixed

6.98% - 7.13%

April 28, 2026

Displayed rate ranges are estimates based on a series of standard assumptions surrounding loan terms such as duration, rate type, interest-only period, and prepayment structure, as well as the condition, format, location, use, and tenancy of the collateral in question. Stated estimates only apply to loan requests between $2 million–$7.5 million placed on fully-stabilized, conventional multifamily properties with 5+ units and no significant tenant concentrations.


Stated rate estimates are not fixed and are subject to change at any time.


Estimates for loans between $1 million–$2 million, greater than $6 million (Fannie), flexible prepayment structures, and/or collateralized by a 50+ pad Manufactured Housing Community or other multifamily property type are available upon request.

  • Columns display rates by maximum loan-to-value (LTV) and minimum debt service coverage ratio (DSCR).
  • Fixed products have fixed interest rates throughout the stated loan term.
  • 5- & 7-year hybrid products have a 10-year loan term with an initial fixed-rate period as indicated in the loan product's name, converting to a floating-rate product thereafter. 10-year hybrid products follow the same structure, but with a 20-year term.

Term Sheets

  • Loan Amount: $1mm+

  • LTV: 80%

  • Non-Recourse

  • Partial and Full-Term Interest Only available

  • Streamlined rate lock option available

  • Flexible Prepayment

  • Term: 5-30 years, with a 30-year amortization schedule

  • Reduced cost and processing requirements available through Small Mortgage Loan execution (Loans ≤ $9mm)

  • Loan Amount: $2mm+

  • LTV: 70%

  • Non-Recourse

  • Reduced cost and processing requirements for loans ≤ $7.5mm

  • Term: 3-7 years, Full-Term Interest Only

  • Floating Rate Only

  • FHA: As a FHA lender, Walker & Dunlop provides permanent and construction lending for market rate, affordable, mixed income, healthcare, and senior housing (including Alzheimer’s and assisted/independent living facilities).

  • Capital Markets: Through relationships with more than 210 capital providers including insurance companies, commercial mortgage-backed securities lenders (CMBS), and banks, Walker & Dunlop’s Capital Markets execution delivers terms uniquely suited to each transaction.

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Small Balance experts

Request a quote

For loan inquiries of $1 million or more, please complete this form and a member of our team will contact you.

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Loan

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Final

Request a quote

For loan inquiries of $1 million or more, please complete this form and a member of our team will contact you.

1

Loan

2

Property

3

Personal

4

Final

Request a quote

For loan inquiries of $1 million or more, please complete this form and a member of our team will contact you.

1

Loan

2

Property

3

Personal

4

Final

Request a quote

For loan inquiries of $1 million or more, please complete this form and a member of our team will contact you.

1

Loan

2

Property

3

Personal

4

Final

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