New Freddie Small Balance Loan applications ended April 30, 2026. New small loans are Optigo Conventional Small, generally $2 million to $10 million. Fannie Small Loan offers more standardization and consistent execution but less product variety.
What is the Freddie 5/15 hybrid?
New Freddie Small Balance Loan applications ended April 30, 2026. A loan with a five-year fixed-rate period followed by ten years floating, with optional fixed-rate conversion. It offers floating-rate flexibility for sponsors who expect to refinance or sell within the fixed window but want the option to stay long if rates work in their favor.
Which fits which sponsor?
Sponsors who want the simplest, fastest, most predictable execution lean Fannie Small. New small loans are Optigo Conventional Small, generally $2 million to $10 million.
Sources
- Delegated Underwriting and Servicing (DUS) program disclosures · Fannie Mae · current
- Optigo lending program disclosures · Freddie Mac Multifamily · current