is a correspondent lender for Fannie Mae and Freddie Mac whereby our services are paid by our lending partners enabling Summit to provide our borrower clients with best-in-class service with no originated fees. Fannie Mae and Freddie Mac loans (also known as Agency Loans) generally provide the lowest possible interest rate for owners of multifamily and manufactured housing property owners. Agency loans offer numerous loan term products ranging from 5 to 40-year self-liquidating loan structures. Agency loans also offer interest rate discounts for "green programs" where the borrower is able to qualify for up to a 25 bps decrease in the interest rate coupon as long as the borrower allows the lender to escrow the costs associated with improving the energy efficiency of their apartment communities (i.e. LED lighting, low flow toilets, etc).