Multifamily Loan Options

[Matthew Wright]

I'm looking for some direction in determining loan type.

I've only used local banks for my smaller multis. This year I plan to purchase a multi for $1 million or more (which i believe is the minimum for fannie mae/freddie mac?). Im wondering if when getting into $1 million+ price range, I should be going the fannie mae/freddie mac direction, or stick with the local banks?

Im considering FN/FM because I've heard they have better terms, like 15% down and 30 year amortization, but if thats not the case I think Ill stick with my local banker... looking for someone to talk to but I'm having a hard time finding someone on the local level here in Maine, that handles these loans.