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Multifamily Loans in
Haverhill, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Haverhill, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Haverhill are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.19% - 3.44%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.39% - 3.79%
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 Haverhill 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 Haverhill, MA

All major multifamily lender types are lending in Haverhill.


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 Nov 26, 2021


Haverhill Market

The city of Haverhill in Essex County has a population of 64,014. The median rent in Essex County for a 2 bedroom is $2,470. The median Haverhill resident is 37 years old with a yearly income of $32,693. The average family has 3.19 members and a median household income of $69,426. Haverhill has a 30% higher education rate. The unemployment rate in Haverhill is 5.2%.


Population
64,014 people

County
Essex County

Renters

42.9% of Haverhill households are renters.


Rent Burden

34.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Essex County 1
Massachusetts 2
National 2
Studio $1,842 $1,259 $737
1 bedroom $2,034 $1,399 $813
2 bedroom $2,470 $1,747 $1,015
3 bedroom $3,072 $2,190 $1,325
4 bedroom $3,349 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Haverhill Demographics


Median Individual Income
$32,693 / year

Median Household Income
$69,426 / year

Families w/ Dual Incomes
58%

Unemployment Rate
5.2%
Household Income Distribution
Haverhill, MA

Median Age
37 years

Avg Family Size
3.19 people
Age Distribution
Haverhill, MA

College Education or Above
30%

STEM College Graduates
41%
Education Distribution
Haverhill, MA
Source: U.S. Census Bureau

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