FHFA Raises Multifamily Loan Purchase Caps for 2026

The Federal Housing Finance Agency (“FHFA”) has released its 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac, announcing a significant increase over last year’s limits. For the 2026 calendar year, each Government-Sponsored Enterprise (“GSE“) will be authorized to purchase up to $88 billion in multifamily loans, up from $73 billion in 2025, for a combined total of $176 billion.

FHFA will continue to require that at least 50 percent of the GSEs’ multifamily business support mission-driven affordable housing. Loans on workforce housing properties will also remain exempt from the caps, consistent with 2025 policy.

Industry observers note that the higher caps signal confidence in a stabilizing multifamily market, with an expectation for increased lending activity in 2026.^[1] To ensure sufficient liquidity in the multifamily market, FHFA will continue monitoring activity and will raise caps if necessary, but will not lower them.

Connect with a NewPoint agency lending expert today to learn how the updated caps can create new opportunities for your next multifamily investment.

Read the full FHFA announcement here.