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Multifamily Loans in
Ballenger Creek, MD

Overview

Ballenger Creek is located in a good market for 5+ unit multifamily loans. Multifamily loans in Ballenger Creek are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Ballenger Creek are competitive. Ballenger Creek 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 Ballenger Creek.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Ballenger Creek, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ballenger Creek 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Ballenger Creek 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 04, 2021


Multifamily Lenders in Ballenger Creek, MD

All major multifamily lender types are lending in Ballenger Creek.


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 04, 2021


Ballenger Creek Market

The city of Ballenger Creek in Frederick County has a population of 21,080. The median rent in Frederick County for a 2 bedroom is $1,917. The median Ballenger Creek resident is 36 years old with a yearly income of $43,817. The average family has 3.13 members and a median household income of $91,143. Ballenger Creek has a 40% higher education rate. The unemployment rate in Ballenger Creek is 3.7%.


Population
21,080 people

County
Frederick County

Renters

35.4% of Ballenger Creek households are renters.


Rent Burden

30.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Frederick 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

Ballenger Creek Demographics


Median Individual Income
$43,817 / year

Median Household Income
$91,143 / year

Families w/ Dual Incomes
68%

Unemployment Rate
3.7%
Household Income Distribution
Ballenger Creek, MD

Median Age
36 years

Avg Family Size
3.13 people
Age Distribution
Ballenger Creek, MD

College Education or Above
40%

STEM College Graduates
49%
Education Distribution
Ballenger Creek, MD
Source: U.S. Census Bureau

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