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Multifamily Loans in
Columbia, MD

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Columbia, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Columbia 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 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Columbia 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 Columbia, MD

All major multifamily lender types are lending in Columbia.


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


Columbia Market

The city of Columbia in Howard County has a population of 103,991. The median rent in Howard County for a 2 bedroom is $1,505. The median Columbia resident is 38 years old with a yearly income of $54,315. The average family has 3.14 members and a median household income of $108,352. Columbia has a 63% higher education rate. The unemployment rate in Columbia is 4.1%.


Population
103,991 people

County
Howard County

Renters

34.5% of Columbia households are renters.


Rent Burden

28.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Howard County 1
Maryland 2
National 2
Studio $997 $1,013 $737
1 bedroom $1,213 $1,126 $813
2 bedroom $1,505 $1,365 $1,015
3 bedroom $1,950 $1,803 $1,325
4 bedroom $2,233 $2,127 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Columbia Demographics


Median Individual Income
$54,315 / year

Median Household Income
$108,352 / year

Families w/ Dual Incomes
63%

Unemployment Rate
4.1%
Household Income Distribution
Columbia, MD

Median Age
38 years

Avg Family Size
3.14 people
Age Distribution
Columbia, MD

College Education or Above
63%

STEM College Graduates
56%
Education Distribution
Columbia, MD
Source: U.S. Census Bureau

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