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Multifamily Loans in
Fairland, MD

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Fairland, MD

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

All major multifamily lender types are lending in Fairland.


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


Fairland Market

The city of Fairland in Montgomery County has a population of 25,220. The median rent in Montgomery County for a 2 bedroom is $1,917. The median Fairland resident is 35 years old with a yearly income of $39,401. The average family has 3.34 members and a median household income of $84,426. Fairland has a 44% higher education rate. The unemployment rate in Fairland is 6.6%.


Population
25,220 people

County
Montgomery County

Renters

52% of Fairland households are renters.


Rent Burden

36.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Montgomery 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

Fairland Demographics


Median Individual Income
$39,401 / year

Median Household Income
$84,426 / year

Families w/ Dual Incomes
59%

Unemployment Rate
6.6%
Household Income Distribution
Fairland, MD

Median Age
35 years

Avg Family Size
3.34 people
Age Distribution
Fairland, MD

College Education or Above
44%

STEM College Graduates
55%
Education Distribution
Fairland, MD
Source: U.S. Census Bureau

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