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Multifamily Loans in
Dundalk, MD

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Dundalk, MD

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

All major multifamily lender types are lending in Dundalk.


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


Dundalk Market

The city of Dundalk in Baltimore County has a population of 63,015. The median rent in Baltimore County for a 2 bedroom is $1,505. The median Dundalk resident is 39 years old with a yearly income of $30,090. The average family has 3.37 members and a median household income of $55,757. Dundalk has a 13% higher education rate. The unemployment rate in Dundalk is 6.6%.


Population
63,015 people

County
Baltimore County

Renters

36.2% of Dundalk households are renters.


Rent Burden

34.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Baltimore 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

Dundalk Demographics


Median Individual Income
$30,090 / year

Median Household Income
$55,757 / year

Families w/ Dual Incomes
48%

Unemployment Rate
6.6%
Household Income Distribution
Dundalk, MD

Median Age
39 years

Avg Family Size
3.37 people
Age Distribution
Dundalk, MD

College Education or Above
13%

STEM College Graduates
43%
Education Distribution
Dundalk, MD
Source: U.S. Census Bureau

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