Fannie Mae Loan Programs

M&T Realty Capital Corporation has been a Fannie Mae-approved Delegated Underwriting and Servicing (DUS®) lender since 1989. As a DUS® lender, we are authorized to approve, fund and service loans on behalf of Fannie Mae without receiving Fannie Mae's prior consent. This gives us the flexibility to get your loan approved quickly and to resolve any issues speedily.

Under the Fannie Mae DUS® program, M&T Realty Capital Corporation originates and services loans for apartment properties, including student housing, manufactured housing, cooperatives, and affordable housing. These loans typically include the following features:

  • Up to 80% LTV (and up to 90% with the high leverage program)
  • Debt Service Coverage (DSCR) of at least 1.25x
  • 5- to 30-year balloon or fully-amortizing terms
  • Loan payments based on 25- to 30-year amortizations (with interest-only options)
  • Non-recourse provisions
  • Ability for an Early Rate Lock up to 12 months forward
  • Supplemental financing available one year after closing the first mortgage

For specific loan information on this program, please call us at 1-800-737-2344.


All loans and all terms referenced herein are subject to receipt of a completed application, credit approval and other conditions.


Return to the loan program overview page.

M&T RCC Facts

  • In 2016, we originated $3.4 billion in loans, and currently service a loan portfolio in excess of $15 billion.
  • We are a top FHA lender, and can provide financing for healthcare facilities or multifamily properties.
  • More than 75% of our customers refinance with us.
  • We are one of only 19 lenders that hold licenses with all three agencies (Fannie Mae, Freddie Mac and FHA).