Fremont Bank Offers Lending Solutions for Multifamily Properties

Multifamily lending program provides the stability of a fixed monthly payment and low interest rate.

Fremont Bank, a leading full-service mortgage lender in California, recently announced that through its Fannie Mae multifamily lending program it has provided $48 million in financing to the multifamily housing market in 2010, and $83 million program-to-date. The bank's multifamily lending program offers borrowers an easier way to take advantage of the highly competitive rates and the security of a fixed payment each month.

Fremont Bank is one of only 30 Fannie Mae Small Loan Lenders nationally that specialize in this Small Loan Program. As a lender, Fremont Bank has delegated authority from Fannie Mae to underwrite, close and deliver multifamily loans up to $3 million (and up to $5 million in certain areas) for the purchase or refinance of multifamily properties of five residential units or more.

Over the last 29 years, Fremont Bank has continued to increase its multifamily lending for borrowers in California, Arizona, Nevada and Oregon, and now features a simple pre-qualification process for multifamily properties.

"Through our partnership with Fannie Mae, Fremont Bank has strategically grown its multifamily lending options. Our team is now able to provide our clients with fast, local decisions, highly competitive rates, flexible no-point and cash-out options," says Melissa Sanguinetti, Fremont Bank's multifamily lending manager and chief underwriter. "We are confident that we will grow in our partnership with Fannie Mae and continue to offer more opportunities for local multifamily borrowers."

About Fremont Bank
Fremont Bank (www.fremontbank.com) is the leading full-service community bank in Northern California. Founded in 1964, Fremont Bank is one of the oldest independent family owned and managed banks in the region and focuses on personalized service for individuals and businesses. It serves communities through 19 branches and seven additional ATMs throughout the Greater Bay Area. Exceptional client service is the cornerstone of Fremont Bank's business. Accommodation of customer needs in a friendly, personal atmosphere characterizes the Bank's culture.

###


Contact Details

Company Name: Lt Public Relations
Issued By: Lee Dawson
Phone: 503-688-1217
Address: 930 NW 14th Ave Suite 280
Zip: 97209
Website: Visit the website

by Lee Dawson (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.