Interest Rates for Multifamily Products and Programs

 

Low and Moderate Income Rental (LMIR) Program

Rates as of 7/31/2019

Forward Delivery *

Term / Amortization

Rate **

Structure Assumes:

40 / 40 4.27% New Construction / Adaptive ReUse
35 / 35 4.22% Acquisition / Rehab / Refinance
30 / 30 4.17% No Agency deferred sources requested
* Assumes closing after completion of construction period
** Plus HUD MIP

Immediate Delivery

40 / 40 3.87%
35 / 35 3.82%
30 / 30 3.77%

LMIR Bridge

LMIR bridge loans provided through the sale of tax exempt bonds are subject to market rates at the time of bond sale.

HUD/FHA (MAP) Mortgages

Subject to market rates.
 
NOTE: Rates are subject to change at Minnesota Housing’s sole discretion.