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Multifamily Loans in
Barnstable, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Barnstable, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Barnstable 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.78% - 4.02%
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 3.34% - 3.59%
7 Year Fixed 3.58% - 4.03%
10 Year Fixed 3.54% - 3.94%
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 Barnstable 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 Barnstable, MA

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


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


Barnstable Market

The city of Barnstable in Barnstable County has a population of 44,477. The median rent in Barnstable County for a 2 bedroom is $1,758. The median Barnstable resident is 48 years old with a yearly income of $36,578. The average family has 2.89 members and a median household income of $72,733. Barnstable has a 39% higher education rate. The unemployment rate in Barnstable is 4.4%.


Population
44,477 people

County
Barnstable County

Renters

25% of Barnstable households are renters.


Rent Burden

35.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Barnstable County 1
Massachusetts 2
National 2
Studio $1,160 $1,259 $737
1 bedroom $1,334 $1,399 $813
2 bedroom $1,758 $1,747 $1,015
3 bedroom $2,203 $2,190 $1,325
4 bedroom $2,384 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Barnstable Demographics


Median Individual Income
$36,578 / year

Median Household Income
$72,733 / year

Families w/ Dual Incomes
56%

Unemployment Rate
4.4%
Household Income Distribution
Barnstable, MA

Median Age
48 years

Avg Family Size
2.89 people
Age Distribution
Barnstable, MA

College Education or Above
39%

STEM College Graduates
42%
Education Distribution
Barnstable, MA
Source: U.S. Census Bureau

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