Don't know a garden-style apartment property from a walk-up? Wonder what the difference is between a high-rise and a mid-rise? Here are definitions of various types of multifamily properties – buildings with five or more units – that you may encounter in rental housing:
Freddie Mac Multifamily buys mortgage loans on all these property types across the country, our mission is to help keep the market stable and promote affordability. We particularly focus on workforce housing – many of the apartments we finance have trouble securing funding elsewhere and are affordable to households earning area median income or less. Last year, more than 90% of the units we financed fit this description.
No matter what type of building you call home, My Home by Freddie Mac® has tips on renting, buying and owning a home.
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