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Multifamily Loans in
Bowie, MD

Overview

Bowie is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Bowie are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Bowie are some of the lowest nationally. Bowie 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 Bowie.

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Bowie, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bowie 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 Bowie 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 Bowie, MD

All major multifamily lender types are lending in Bowie.


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


Bowie Market

The city of Bowie in Prince George's County has a population of 58,643. The median rent in Prince George's County for a 2 bedroom is $1,917. The median Bowie resident is 43 years old with a yearly income of $54,147. The average family has 3.34 members and a median household income of $113,338. Bowie has a 48% higher education rate. The unemployment rate in Bowie is 4.8%.


Population
58,643 people

County
Prince George's County

Renters

17.4% of Bowie households are renters.


Rent Burden

30.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Prince George's 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

Bowie Demographics


Median Individual Income
$54,147 / year

Median Household Income
$113,338 / year

Families w/ Dual Incomes
69%

Unemployment Rate
4.8%
Household Income Distribution
Bowie, MD

Median Age
43 years

Avg Family Size
3.34 people
Age Distribution
Bowie, MD

College Education or Above
48%

STEM College Graduates
46%
Education Distribution
Bowie, MD
Source: U.S. Census Bureau

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