Stress-Free Fannie Mae/Freddie Mac Multifamily Loan Services
We are a correspondent for the largest Fannie Mae DUS lender in the nation which gives flexibility of pricing and terms.
The Federal National Mortgage Association (FNMA) is more commonly known as Fannie Mae, a government-sponsored enterprise (GSE) that was founded during the Great Depression. The goal of the agency was and is to expand the secondary mortgage market through mortgage-backed securities (MBS). Fannie Mae allows lenders to reinvest the money they acquired by lending it to others. This effectively multiplies the number of credible multifamly lenders in the mortgage market. Clients no longer have to rely too heavily on locally-based financial institutions.
Bonneville Multifamily Capital is one of the most reliable Fannie Mae multifamily correspondents and is part of a system that aims to provide the multifamily loans the market needs.
Being a multifamily lender in today’s confusing financial landscape is a task that can prove too much even for the professionals. We take all the stress of the financing process away from our clients so they can focus on the most important task—deciding how to allocate the funds once they are acquired.
Other Loan Services
Our goal as a Fannie Mae correspondent is to ensure that loans get approved rapidly and efficiently. We accomplish this by ensuring that all loan requirements are fully met. Our exclusive correspondent relationship is invaluable to our borrowers. We act as a local extension for them, providing borrowers the best of both worlds.
Freddie Mac Multifamily Loans
Freddie Mac stands for Federal Home Loan Mortgage Corporation (FHLMC); it’s a government sponsored enterprise (GSE) that Congress chartered in the ’70s to give money lenders more access to funds for their multifamily loans. The purpose of these loans is to encourage development of rental housing for middle income Americans. Freddie Mac multifamily loans are great loans for people to take advantage of who want low rates, rapid closings, and favorable terms.
Consistency & Quality
Bonneville Multifamily Capital is a correspondent Freddie Mac Multifamily Lender in Utah, which means two important things: First, our team has built the necessary trust and competence to originate multifamily loans from one of the biggest financial institutions in the country. Achieving this feat takes considerable skill that can only be gained through years of providing quality service in the industry. The second thing to note is that multifamily borrowers in the state of Utah have a convenient, local, knowledgeable recourse for securing this type of financing. The assistance we provide, coupled with the provision of the FHLMC, is a recipe for an efficient and convenient application process that we find ways to expedite. Our financing services will ensure that clients won’t be wasting their time with rejected applications. We will make sure that the applications we send in will meet all of the FHLMC requirements on the first attempt. This will increase the chances of its approval, allowing our clients to get the funding they want and need to finance their multifamily housing projects sooner.
We became a Utah Freddie Mac correspondent multifamily lender by virtue of our expertise and experience in the industry, as well as the trust that we were able to build with our clients. When you work with Bonneville Multifamily Capital, know that you are working with one of the best in the state and that we will work to ensure that you get the loans you need.