Today, the Federal Housing Finance Agency (FHFA) announced the 2025 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be at $73 billion each for a total of $146 billion, a $6 billion increase from this year.
The FHFA will continue to allow loans classified as supporting workforce housing properties to be exempt from the volume caps in 2025 and will require that at least 50 percent of the Enterprises’ multifamily businesses be mission driven.
- Workforce housing loans preserve rents at affordable levels in multifamily properties, typically without the use of public subsidies.
- This exemption supports the Enterprises’ workforce housing activities by allowing full exclusion from the volume caps for eligible loans.
Both Freddie Mac and Fannie Mae remain focused on mission-driven housing with an eye toward affordability, access, and sustainability. The FHFA stated that they will be monitoring the multifamily mortgage market and will consider increasing the caps to support market liquidity but will not reduce the caps.
Berkadia’s partnership with Fannie Mae and Freddie Mac on preserving affordability in workforce housing helped lead to new products, and the 2025 FHFA Scorecard’s emphasis on workforce housing builds on our expertise. Berkadia is looking forward to continuing to work with our agency partners to fulfill their goals and meet their mission-driven and affordable housing needs.
In January 2024, Berkadia was recognized as the #1 Freddie Mac Lender by Volume in 2023, making it Freddie Mac’s top partner for the third consecutive year, and the #2 Fannie Mae DUS Lender by Volume in 2023, making us the largest GSE lender in the country.
Contact a Berkadia mortgage banker to learn more or read more about the following Fannie Mae and Freddie Mac products and programs: