Permanent loan rates are about 5.25% net 5.50% note at $102.
A best execution solution for HUD, Fannie DUS, and SBA
(n.) The moment in time when a loan's interest rate is fixed. The rate lock is not confirmed until borrower and lender have agreed to all terms and conditions via contract. Cannot be undone without penalty.
(adj.) Of or relating to housing dwelling units of 3 or more. Commonly known as apartments, nursing homes, assisted living facilities, elderly housing, and the like.
(n.) A class of housing commonly referred to as rental housing. The opposite of single family. Also included are nursing homes, assisted living, and other residential healthcare facilities.
(n.) A type of mortgage finance that utilizes loan guarantees from federal public and semi-public agencies. The Federal Housing Administration, GNMA, Fannie Mae, and Freddie Mac are all agencies in the Agency Lending space.
(n.) A vehicle through which multifamily borrowers can secure lower interest rates on their loans when they commit to providing affordable housing.
(n.) SBA loans are small-business loans offered by banks and online lenders and partly guaranteed by the government.
Interest rates for SBA 7(a) loans are the daily prime rate, which changes based on actions taken by the Federal Reserve, plus a lender spread. The spread is negotiated between the borrower and the lender, and can result in either fixed or variable interest rates. However, the SBA caps the maximum spread lenders can charge based on the size and maturity of the loan.
We are the only innovative rate lock solution for borrowers looking to streamline their rate lock understanding and execution. Our state-of-the-art software and tools are designed to help borrowers achieve the lowest possible interest rate on their loans.
The software was designed by a 25-year market veteran. Few market participants have the depth of capital markets understanding in the government-guaranteed debt industry, and our software surpasses most lender capabilities. We have optimized the steps required for Best Execution.
We use proven metrics for assessing the market value of various loan structures. You can count on us for unbiased recommendations and impartial guidance based on your loan's specific interest rate needs.
We're passionate about helping HUD borowers improve their understanding of the capital markets. We'll help you preserve the viability of the deals you have worked so hard to on. Our past clients include most HUD multifamily lenders, and we understand how they make money.
Since 1982, we've helped dozens of mortgage lenders surpass their origination goals year after year. Armed with Branig's market information and using the KimmyMae software, borrowers can now execute their rate lock at the most advantageous level.
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