GSEs Announce $15B Increase in Multifamily Loan Purchase Caps

National Mortgage Professional, Nov. 24, 2025

U.S. Federal Housing (FHFA) has announced that the 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac (GSEs) will be $88 billion for each enterprise, for a combined total of $176 billion to support the nation’s multifamily market.

“The $15 billion increase in the multifamily loan purchase caps to $88 billion for each GSE aligns with MBA’s expectations for the multifamily market in 2026,” commented Mortgage Bankers Association President and CEO Bob Broeksmit, CMB.

To ensure a strong focus on affordable housing and underserved markets, the FHFA will require that at least 50% of the GSE’s multifamily businesses be mission-driven, affordable housing. Just like in 2025, multifamily loans that finance workforce housing will be excluded from the 2026 limits. All other mission-driven loans remain subject to the volume caps.

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