Interest Rates for Multifamily Products and Programs

 

Low and Moderate Income Rental (LMIR) Program

Rates as of 12/31/2018

Forward Delivery *

Term / Amortization

Rate **

Structure Assumes:

40 / 40 5.04% New Construction / Adaptive ReUse
35 / 35 4.99% Acquisition / Rehab / Refinance
30 / 30 4.94% No Agency deferred sources requested
* Assumes closing after completion of construction period
** Plus HUD MIP

Immediate Delivery

40 / 40 4.54%
35 / 35 4.49%
30 / 30 4.44%

LMIR Bridge

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

HUD/FHA (MAP)

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