Get Approved For Multifamily Financing in Florida

Are you looking to invest in multifamily real estate? Whether you’re buying a duplex, triplex, or apartment building, multifamily financing gives you the funding you need to grow your real estate portfolio. Multifamily financing can also be a key tool for investing in affordable housing, providing opportunities to offer below-market rents to a broader range of tenants.

At The Associates Home Loan of Florida, Inc., we help first-time buyers, real estate investors, and many other borrowers—especially those who don’t fit the traditional lending mold—secure loans tailored to their goals. Ask us how today!

A multifamily loan is a mortgage used to buy or refinance multifamily housing, which includes residential properties with two or more units:

• Duplexes
• Triplexes
• Fourplexes
• Apartment buildings (5+ units)

What makes multifamily loans unique from standard residential mortgages is that lenders evaluate both your finances and the rental income potential of the property.

Whether you’re looking to acquire, refinance, construct, or renovate a property, there’s a multifamily loan from Associates Home Loan designed for you!

Fannie Mae and Freddie Mac offer traditional loans through banks and financial institutions. They typically require a higher credit score and larger down payment, but offer competitive interest rates and terms.

Bridge loans are short-term loans used to bridge the gap between the purchase of a new property and the sale of an existing one. They offer quick access to funds but usually come with higher interest rates.

A hybrid of debt and equity financing, mezzanine loans are often used for large-scale multifamily projects and urban development. They offer flexible terms but may involve giving up some ownership stake.

Commercial Mortgage-Backed Securities (CMBS) loans are pooled together and sold to investors. They offer fixed interest rates and longer terms from commercial lenders, but they can be complex.

Federal Housing Administration or FHA loans can be used for multifamily properties with up to four units, as long as you live in one of the units as your owner-occupied primary residence. FHA multifamily loan benefits include low down payments (as low as 3.5%), flexible credit requirements, and competitive interest rates.

We also offer new construction loans for those looking to develop new multifamily properties, providing flexible terms to meet your project needs!

The expert loan professionals at Associates Home Loan can help you understand loan amounts, financing terms, amortization, interest rates, prepayment penalties, and closing costs to choose the best financing solution for your multifamily investment.

Qualifying for a multifamily loan includes your credit history, debt-to-income ratio, and income requirements.

Your credit history plays a crucial role in qualifying for a multifamily loan. Lenders prefer borrowers with a good credit score, as it reflects a history of timely payments and responsible financial management. For instance, a median FICO credit score of at least 580 is required to qualify for an FHA loan.

However, we work with all sorts of financial situations and can make recommendations based on your credit history to secure the best interest rates and loan terms available.

The debt-to-income (DTI) ratio is another critical factor in loan qualification. There are two types of DTI:

• Front-End DTI (Housing Expense Ratio): This ratio looks at how much of your monthly income is spent on your mortgage payment alone.
• Back-End DTI: This ratio includes your mortgage payment plus all other existing debts.

To qualify for a multifamily loan with a median FICO score of 580-620, your housing expense ratio should not exceed 38%, and your overall DTI should be no higher than 45%. This demonstrates your ability to manage debt and handle the financial responsibilities of owning a multifamily property.

Rates for up to four-unit properties may resemble residential mortgage rates, while larger properties usually fall under commercial loan pricing. Multifamily loan rates vary depending on:

• Loan size
• Number of units
• Credit score
• Down payment
• Property location, including secondary or tertiary markets

Want an exact rate? Contact us for a custom quote based on your investment goals!

We’re not your typical lender. If you’ve been turned down elsewhere, we may still be able to help. Our flexible financing solutions and loan options are designed around your needs—not just your credit score.

At the Associates Home Loan of Florida, Inc., we specialize in helping borrowers who:

• Have low credit scores
• Are self-employed
• Need fast approvals
• Don’t meet “traditional” lending requirements

Whether you’re buying your first duplex or expanding your investment portfolio, we can help you find the right multifamily financing option.

Get Qualified for a Multifamily Investment Loan Now!