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Multifamily Loans in
Falmouth, MA

Overview

Falmouth is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Falmouth are considered greater risk due to market dynamics. Interest rates for multifamily loans in Falmouth are higher than the national average. Falmouth 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 Falmouth.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Falmouth, MA

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

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


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


Falmouth Market

The city of Falmouth in Barnstable County has a population of 31,124. The median rent in Barnstable County for a 2 bedroom is $1,758. The median Falmouth resident is 55 years old with a yearly income of $35,795. The average family has 2.81 members and a median household income of $75,820. Falmouth has a 45% higher education rate. The unemployment rate in Falmouth is 4.0%.


Population
31,124 people

County
Barnstable County

Renters

22.1% of Falmouth households are renters.


Rent Burden

35.9% 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

Falmouth Demographics


Median Individual Income
$35,795 / year

Median Household Income
$75,820 / year

Families w/ Dual Incomes
51%

Unemployment Rate
4.0%
Household Income Distribution
Falmouth, MA

Median Age
55 years

Avg Family Size
2.81 people
Age Distribution
Falmouth, MA

College Education or Above
45%

STEM College Graduates
49%
Education Distribution
Falmouth, MA
Source: U.S. Census Bureau

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