Interest Rates for Multifamily Products and Programs

 

Low and Moderate Income Rental (LMIR) Program

Rates as of 9/28/2018

Forward Delivery *

Term / Amortization

Rate **

Structure Assumes:

40 / 40 5.30% New Construction / Adaptive ReUse
35 / 35 5.25% Acquisition / Rehab / Refinance
30 / 30 5.20% No Agency deferred sources requested
* Assumes closing after completion of construction period
** Plus HUD MIP

Immediate Delivery

40 / 40 4.90%
35 / 35 4.85%
30 / 30 4.80%

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.