Program workspace

“Small Loan Multifamily”

“Small Loan Multifamily”

“Small Loan Multifamily”

“Small Loan Multifamily”

“Small Loan Multifamily”

“Small Loan Multifamily”

“Small Loan Multifamily”

“Small Loan Multifamily”

“Small Loan Multifamily”

“Small Loan Multifamily”

“Lument’s small multifamily loans provide the best of both worlds: the terms and personalized treatment that larger investors receive but without the complex documentation and extensive third-party reporting requirements. Thanks to our participation in both Fannie Mae’s Small Loans and Freddie Mac’s Conventional Small programs and our ability to tap our balance sheet, our dedicated small loan experts can offer structures tailored to the distinctive needs of investors in lower-cost properties.”

“Fannie Mae’s Multifamily Mortgage Business offers a streamlined loan process for fixed and variable-rate Mortgage Loans up to $9 million nationwide.”

“TAX AND INSURANCE ESCROWS Required per the Freddie Mac Multifamily Seller/Servicer Guide.”

“TERM & AMORTIZATION Construction period (interest-only) followed by 40-year permanent (fully amortizing).”

“TERM 10 – 30 years (minimum 15 years for new construction and substantial rehabilitation).”

“FANNIE MAE SMALL LOAN LENDER (2025)”

“TYPE OF FUNDING Forward commitment to provide permanent financing upon successful conversion from construction phase to permanent phase.”

“Under the FHA Section 232 program, FHA insures each construction loan disbursement as an advance is made and, upon “Final Endorsement,” it insures the permanent mortgage. The mortgagor may also choose insurance upon completion of construction.”

“Borrowers can lock the interest rate for a fixed-rate mortgage or the spread for a floating-rate mortgage, establish the mortgage amount and set other key provisions of a proposed mortgage within two to five days after Freddie Mac’s preliminary underwriting review and long before the Optigo® lender submits the full underwriting package.”

“Whether you’re working with a builder, designing a custom home, or renovating a property from the studs up, you need a loan that’s built around your timeline and goals. At Luminate Bank, we offer construction-to-permanent loans , one-time-close , and two-time-close programs that help simplify the process and reduce your stress. We’ll help you understand the difference, choose the right structure, and walk you through every step until move-in day.”

“Construction Loans”

“Your dream home starts with a solid foundation and the right financing to match. Explore flexible new construction loans that help bring your blueprint to life.”

“Online Banking & Mobile App Digital Wallet Zelle® Budgeting & Financial Tools Deposit Interest Calculator IntraFi® Network Deposits Conversations Get more banking insights on our blog → This is paragraph text. Click it or hit the Manage Text button to change the font, color, size, format, and more. To set up site-wide paragraph and title styles, go to Site Theme. This is paragraph text. Click it or hit the Manage Text button to change the font, color, size, format, and more. To set up site-wide paragraph and title styles, go to Site Theme. Loan Options Conventional, FHA, VA, USDA Jumbo Loans Non-QM Renovation Loans Construction Loans Reverse Mortgages Refinance & Equity First-Time Homebuyer Programs Loan Process Overview Get Pre-Qualified Find a Loan Officer Wholesale Options Reverse Wholesale Non-QM Wholesale Explore By Life Stage Buy, Upgrade, or Refinance Your Home First-Time Homebuyers & Financial Starters Real Estate Investors & Self-Employed Borrowers Retirement-Ready Banking & Reverse Mortgages Everyday Banking Made Brighter Non-Profit & Community Banking”

“We’ll help you determine which option fits your build and budget best–whether you need a construction-to-permanent loan , new construction loan , or a two-time-close alternative. You’ll typically need: A licensed builder and signed contract A solid credit score and manageable debt-to-income ratio Verified income, assets, and down payment funds Not sure what you need? No problem! We’ll guide you from plans to keys. Talk to a Construction Loan Specialist”

“Choose from fixed or adjustable-rate options and a range of loan terms. Warning sign: black outline of a triangle with an exclamation point inside.”