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Multifamily Loans in
Aspen Hill, MD

Overview

Aspen Hill is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Aspen Hill are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Aspen Hill are some of the lowest nationally. Aspen Hill apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Aspen Hill.

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Aspen Hill, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Aspen Hill 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 $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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®
$7.5M to $100M
5 Year Fixed 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Aspen Hill 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 Dec 05, 2021


Multifamily Lenders in Aspen Hill, MD

All major multifamily lender types are lending in Aspen Hill.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 05, 2021


Aspen Hill Market

The city of Aspen Hill in Montgomery County has a population of 53,049. The median rent in Montgomery County for a 2 bedroom is $1,917. The median Aspen Hill resident is 38 years old with a yearly income of $34,904. The average family has 3.53 members and a median household income of $87,055. Aspen Hill has a 43% higher education rate. The unemployment rate in Aspen Hill is 6.0%.


Population
53,049 people

County
Montgomery County

Renters

34.4% of Aspen Hill households are renters.


Rent Burden

40% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Montgomery County 1
Maryland 2
National 2
Studio $1,643 $1,013 $737
1 bedroom $1,682 $1,126 $813
2 bedroom $1,917 $1,365 $1,015
3 bedroom $2,457 $1,803 $1,325
4 bedroom $2,978 $2,127 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Aspen Hill Demographics


Median Individual Income
$34,904 / year

Median Household Income
$87,055 / year

Families w/ Dual Incomes
65%

Unemployment Rate
6.0%
Household Income Distribution
Aspen Hill, MD

Median Age
38 years

Avg Family Size
3.53 people
Age Distribution
Aspen Hill, MD

College Education or Above
43%

STEM College Graduates
52%
Education Distribution
Aspen Hill, MD
Source: U.S. Census Bureau

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