Updated In Real Time

Freddie Mac SBL Current Rates

Changes effective with deals taken under application on or after


June 12, 2025

SBL Lowest Rates Affordability Assumptions

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SBL Lowest Rates No Affordability Assumptions

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Purchases and Rate/Term Refinances

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SBL Lowest Rates Affordability Assumptions

South Central Region

CO, MT, NM, OK, TX, WY


	HYBRID
	5 YR	7 YR	10YR
Top	5.95%	6.04%	6.13%
Standard	6.27%	6.09%	6.18%
Small	6.43%	6.17%	6.24%
Very Small	6.53%	6.27%	6.34%
	FIXED
Top	5.85%	5.94%	5.83%
Standard	6.17%	5.99%	5.88%
Small	6.33%	6.07%	5.94%
Very Small	6.43%	6.17%	6.04%

South East Region

AL, AR, DC, FL, GA, LA, MD, MS, NC, SC, TN, VA, WV


	HYBRID
	5 YR	7 YR	10YR
Top	6.00%	6.09%	6.18%
Standard	6.22%	6.09%	6.18%
Small	6.38%	6.15%	6.19%
Very Small	6.43%	6.25%	6.29%
	FIXED
Top	5.90%	5.99%	5.88%
Standard	6.12%	5.99%	5.88%
Small	6.28%	6.05%	5.89%
Very Small	6.33%	6.15%	5.99%

North Central Region

IA, IL, IN, KS, KY, MI, MN, MO, ND, NE, OH, SD, WI


	HYBRID
	5 YR	7 YR	10YR
Top	5.95%	6.04%	6.13%
Standard	6.27%	6.06%	6.18%
Small	6.43%	6.17%	6.19%
Very Small	6.53%	6.27%	6.29%
	FIXED
Top	5.85%	5.94%	5.83%
Standard	6.17%	5.96%	5.88%
Small	6.33%	6.07%	5.89%
Very Small	6.43%	6.17%	5.99%

North East Region

CT, DE, MA, ME, NH, NJ, NY, PA, RI, VT


	HYBRID
	5 YR	7 YR	10YR
Top	6.20%	6.29%	6.23%
Standard	6.27%	6.04%	6.13%
Small	6.53%	6.22%	6.34%
Very Small	6.58%	6.27%	6.39%
	FIXED
Top	6.10%	6.19%	6.03%
Standard	6.12%	5.94%	5.83%
Small	6.38%	6.12%	6.04%
Very Small	6.43%	6.17%	6.09%

Western Region

AK, AZ, CA, HI, ID, NV, OR, UT, WA


	HYBRID
	5 YR	7 YR	10YR
Top	5.95%	5.96%	5.98%
Standard	6.22%	6.04%	6.18%
Small	6.33%	6.10%	6.24%
Very Small	6.43%	6.17%	6.34%
	FIXED
Top	5.90%	5.81%	5.78%
Standard	6.17%	5.89%	5.88%
Small	6.28%	5.95%	5.94%
Very Small	6.38%	6.02%	6.04%

Rates as of


June 12, 2025

FREE RATE HOLD AT LOI* Conditions apply. Please contact us for additional details.

Assumes YM prepay, 60% LTV, 1.35x DSCR, all affordability discounts applied, and no IO
Separate Freddie Mac SBL Affordability Discounts:
- ≤ 50% (≤ 40% in Western and Northeast Top Markets) of units qualify as Mission Driven units
- ≤ 80% of units qualify as Mission Driven units
- 5-50 units and ≤ 50% of the units qualify as affordable for the applicable country at AMI of ≤ 80%

SBL Lowest Rates (No Affordability Assumptions)

South Central Region

CO, MT, NM, OK, TX, WY


	HYBRID
	5 YR	7 YR	10YR
Top	6.35%	6.44%	6.53%
Standard	6.67%	6.49%	6.58%
Small	6.78%	6.57%	6.64%
Very Small	6.88%	6.67%	6.74%
	FIXED
Top	6.25%	6.34%	6.23%
Standard	6.57%	6.39%	6.28%
Small	6.68%	6.47%	6.34%
Very Small	6.78%	6.57%	6.44%

South East Region

AL, AR, DC, FL, GA, LA, MD, MS, NC, SC, TN, VA, WV


	HYBRID
	5 YR	7 YR	10YR
Top	6.40%	6.49%	6.58%
Standard	6.62%	6.49%	6.58%
Small	6.73%	6.55%	6.59%
Very Small	6.78%	6.65%	6.69%
	FIXED
Top	6.30%	6.39%	6.28%
Standard	6.52%	6.39%	6.28%
Small	6.63%	6.45%	6.29%
Very Small	6.68%	6.55%	6.39%

North Central Region

IA, IL, IN, KS, KY, MI, MN, MO, ND, NE, OH, SD, WI


	HYBRID
	5 YR	7 YR	10YR
Top	6.35%	6.44%	6.53%
Standard	6.67%	6.46%	6.46%
Small	6.78%	6.57%	6.59%
Very Small	6.88%	6.67%	6.69%
	FIXED
Top	6.25%	6.34%	6.23%
Standard	6.57%	6.36%	6.28%
Small	6.68%	6.47%	6.29%
Very Small	6.78%	6.57%	6.39%

North East Region

CT, DE, MA, ME, NH, NJ, NY, PA, RI, VT


	HYBRID
	5 YR	7 YR	10YR
Top	6.60%	6.69%	6.63%
Standard	6.67%	6.44%	6.53%
Small	6.88%	6.62%	6.74%
Very Small	6.93%	6.67%	6.79%
	FIXED
Top	6.50%	6.59%	6.43%
Standard	6.52%	6.34%	6.23%
Small	6.73%	6.52%	6.44%
Very Small	6.78%	6.57%	6.49%

Western Region

AK, AZ, CA, HI, ID, NV, OR, UT, WA


	HYBRID
	5 YR	7 YR	10YR
Top	6.35%	6.36%	6.38%
Standard	6.62%	6.44%	6.58%
Small	6.68%	6.50%	6.64%
Very Small	6.78%	6.57%	6.74%
	FIXED
Top	6.30%	6.21%	6.18%
Standard	6.57%	6.29%	6.28%
Small	6.63%	6.35%	6.34%
Very Small	6.73%	6.42%	6.44%

Rates as of


June 12, 2025

Assumes YM prepay, 60% LTV, 1.35x DSCR, no affordability discount and no IO.

Purchases and Rate/Term Refinances


	PURCHASES AND RATE/TERM REFINANCES
	MINIMUM DSCR	MAXIMUM LTV
Top	1.20x	80%
Standard	1.25x	80%
Small	1.30x	75% for acquisitions 70% for rate/term refinances
Very Small	1.40x	75% for acquisitions 70% for rate/term refinances
	CASH-OUT REFINANCE
Top	1.20x	80%
Standard	1.25x	80%
Small	1.30x	70%
Very Small	1.40x	70%

Rates as of


June 12, 2025

Full Term I0/I0 During Fixed Rate Period of Hybrid ARM Adjustments:

Top and Standard: Add 0.15x to Baseline DSCR, Max. LTV 65%,
Small and Very Small: Add 0.10x to Baseline DSCR, Max. LTV 60%

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