Fannie Mae loan documents, mapped to Freddie.

The short answer

Fannie Mae multifamily loan documents are the 6000 series forms that DUS lenders use to document a loan Fannie Mae will buy. Form 6000, Loan Documentation Requirements, lists them. Every loan needs the Multifamily Loan and Security Agreement (6001 series), the Multifamily Note (6010), the Environmental Indemnity Agreement (6085), a state Security Instrument (6025 series), an assignment of the security instrument, borrower's counsel opinion (6401), UCC filings and an assignment of collateral agreements (6402). Guaranties and an assignment of management agreement are added when required.

Freddie Mac uses its own Optigo set: a Note, a Loan Agreement, state Security Instruments and a multistate Guaranty, with riders instead of numbered modification forms. Both agencies require their forms with limited changes. Fannie Mae says most changes to its form documents must be approved in writing before delivery. For the closer, the job is the same on both sides: the right forms, the right schedules or riders, signed, recorded and delivered in the agency's package order.

What are the core Fannie Mae multifamily loan documents?

Form 6000 splits the set into documents every loan requires and documents used as and when required. The numbering tells you where a form lives in Fannie Mae's library: 6000s are core documents, 6025 the security instruments by state, 6100s the loan agreement schedules, 6200s loan agreement modifications, 6300s security instrument modifications, 6400s other loan documents, 6500s delivery documents and 6600s asset management. Pre-2011 loans sit on the older 4000 series.

How do Fannie Mae loan agreement schedules work?

The Fannie Mae loan agreement is one form for every deal. The economics live in schedules. Schedules 1 to 4 are attached for the interest rate type: Schedule 1 definitions (6101), Schedule 2 summary of loan terms (6102), Schedule 3 interest rate type provisions (6103) and Schedule 4 the prepayment premium schedule (6104). Schedules 5 to 8 are embedded in the loan agreement itself.

Each rate type has its own set. A fixed rate loan picks one Schedule 4 from standard yield maintenance or a graduated prepayment premium by term. ARM, structured ARM and hybrid ARM loans have SOFR-based schedules, and a structured ARM adds an interest rate cap agreement, an opinion of the cap provider's counsel where required, and its own UCC schedule. Picking the wrong schedule is a document error that surfaces at delivery review, not at signing.

How are Fannie Mae and Freddie Mac forms modified?

Fannie Mae handles deal features with numbered modification forms. Condominiums, cooperatives, co-borrowers, tenants in common, cross-collateralization, 1031 exchanges and defeasance each have their own 6200 series loan agreement modification and, where needed, a 6300 series security instrument modification. The Multifamily Legal Guidelines state that most changes to the form loan documents, including changes to a standard modification exhibit or schedule, must be approved in writing by Fannie Mae before the loan is delivered for purchase.

Freddie Mac uses riders. Its current Loan Execution list carries riders to the Loan Agreement for transfer provisions, reserves, rate caps, condominiums, cross-collateralization, preferred equity and dozens of property conditions, plus riders to the Security Instrument and the Guaranty. Freddie Mac's legal page directs proposed text changes into the applicable modifications exhibit, so the form body stays clean. On both sides, the lender's counsel tracks every non-form change and the approval behind it.

What are the Freddie Mac multifamily loan documents?

Freddie Mac's Seller/Servicer Guide defines the Loan Documents as the Note, Loan Agreement, Security Instrument, Guaranty and Omnibus Assignment, with any modifications and riders, plus other documents used to originate or service its mortgages. The Loan Agreement is the Multifamily Loan and Security Agreement, which sets out the borrower's representations and covenants, events of default, securitization terms and lender remedies.

Freddie Mac publishes a list called Currently Acceptable Multifamily Loan Documents for each execution: loan execution, small balance, targeted affordable, tax-exempt and servicing. Each form carries its revision date in its title. The loan execution list was revised August 20, 2026, and includes analysis forms that a closer feeds, such as the Legal Issues Analysis, Purchase Agreement Analysis and Regulatory Agreement Analysis, alongside the Title Policy and Endorsement Requirements and Closing Documentation Guidelines.

For a lender that sells to both agencies through Fannie Mae DUS and Freddie Mac Optigo, the practical point is version control. Each agency revises its forms on its own calendar, and both put the burden of using the current version on the lender.

What must the closer collect before signing?

The documents above are only the signature set. A closer also collects the items that let counsel deliver the opinions and let the agency accept the loan. Most of these come from the borrower side and run on outside schedules.

• Organizational documents and good standing

  For the borrower, any SPE equity owner and each guarantor, so counsel can give the authority and enforceability opinions.
• Title commitment and pro forma policy

  Built to the agency's title requirements, with the endorsements the program calls for.
• Survey and zoning evidence

  To support title coverage and the property representations in the loan agreement.
• Insurance certificates

  Property, liability and any flood or wind coverage the program requires, naming the right parties.
• Management agreement

  Signed by the management agent, ready for the assignment and subordination of fees.
• Guarantor financial statements

  Supporting the guaranty and any net worth or liquidity rider.
• Third-party reports

  Appraisal, property condition and environmental reports dated within the agency's window.

What does the closer deliver after closing?

Delivery is its own checklist. Fannie Mae's Form 6502, Mortgage Loan Package Delivery Requirements, sets the contents and order of the delivery package in folders (Folders I and III, and Folder II, each published August 25, 2026 in the current version). Freddie Mac's Final Delivery Package is defined in Chapter 32 of its Guide and listed in its Final Delivery Instructions and Final Delivery Package Table of Contents, with separate versions for tax-exempt loans.

Both packages assume the closer can produce executed originals, recorded copies, file-stamped UCCs, the title policy and every opinion in a fixed order. Lenders that keep the deal in a closing binder indexed to the delivery list, using something like a closing binder index template, assemble the package from the binder instead of rebuilding it from inboxes.

Where do agency loan document sets go wrong?

The failures are rarely legal. They are version and tracking failures: an outdated form pulled from a prior deal's folder, a rider attached to the wrong document, a guarantor who signed an earlier draft, a recorded security instrument that never came back from the county.

Shared drives make these worse because every draft looks like a final. A file store such as Box holds the documents but does not tell anyone which version is executed or which item is still open; that is the gap the Prodeal vs Box comparison describes. The loan documentation guide covers how the core documents fit together and where turns get lost.

How does a shared checklist help agency closings?

Build the checklist from the agency's own lists. One line per Form 6000 or Freddie Mac loan execution item, with an owner, a due date and a document status, then a second section mirroring the delivery package order. Loan closers who work this way see the open guarantor signature or the missing recorded copy the day it goes late.

In Prodeal that is a live checklist with owners and due dates, a borrower portal for the third-party and organizational items, document status on every line and a closing binder export at the end. The audit trail shows who uploaded which version, which matters when an agency reviewer asks why a form changed.