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Multifamily Loans in
Lochearn, MD

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Lochearn, MD

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

All major multifamily lender types are lending in Lochearn.


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


Lochearn Market

The city of Lochearn in Baltimore County has a population of 25,771. The median rent in Baltimore County for a 2 bedroom is $1,505. The median Lochearn resident is 43 years old with a yearly income of $35,065. The average family has 3.27 members and a median household income of $64,392. Lochearn has a 32% higher education rate. The unemployment rate in Lochearn is 6.0%.


Population
25,771 people

County
Baltimore County

Renters

29.6% of Lochearn households are renters.


Rent Burden

32.2% 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

Lochearn Demographics


Median Individual Income
$35,065 / year

Median Household Income
$64,392 / year

Families w/ Dual Incomes
48%

Unemployment Rate
6.0%
Household Income Distribution
Lochearn, MD

Median Age
43 years

Avg Family Size
3.27 people
Age Distribution
Lochearn, MD

College Education or Above
32%

STEM College Graduates
38%
Education Distribution
Lochearn, MD
Source: U.S. Census Bureau

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