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Multifamily Loans in
Amherst, MA

Overview

Amherst is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Amherst are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Amherst are slightly higher than the national average. Amherst apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Amherst.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Amherst, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Amherst are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.61% - 3.85%
7 Year Fixed 3.44% - 3.68%
10 Year Fixed 3.66% - 3.90%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.29% - 3.54%
7 Year Fixed 3.53% - 3.98%
10 Year Fixed 3.49% - 3.89%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Amherst may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Lenders in Amherst, MA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Amherst.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Nov 26, 2021


Amherst Market

The city of Amherst in Hampshire County has a population of 39,814. The median rent in Hampshire County for a 2 bedroom is $1,209. The median Amherst resident is 21 years old with a yearly income of $8,735. The average family has 2.96 members and a median household income of $56,905. Amherst has a 66% higher education rate. The unemployment rate in Amherst is 8.9%.


Population
39,814 people

County
Hampshire County

Renters

53.1% of Amherst households are renters.


Rent Burden

46.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hampshire County 1
Massachusetts 2
National 2
Studio $798 $1,259 $737
1 bedroom $954 $1,399 $813
2 bedroom $1,209 $1,747 $1,015
3 bedroom $1,504 $2,190 $1,325
4 bedroom $1,764 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Amherst Demographics


Median Individual Income
$8,735 / year

Median Household Income
$56,905 / year

Families w/ Dual Incomes
53%

Unemployment Rate
8.9%
Household Income Distribution
Amherst, MA

Median Age
21 years

Avg Family Size
2.96 people
Age Distribution
Amherst, MA

College Education or Above
66%

STEM College Graduates
53%
Education Distribution
Amherst, MA
Source: U.S. Census Bureau

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