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Multifamily Loans in
Milford Mill, MD

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Milford Mill, MD

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

All major multifamily lender types are lending in Milford Mill.


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


Milford Mill Market

The city of Milford Mill in Baltimore County has a population of 29,926. The median rent in Baltimore County for a 2 bedroom is $1,505. The median Milford Mill resident is 36 years old with a yearly income of $37,167. The average family has 3.26 members and a median household income of $67,747. Milford Mill has a 30% higher education rate. The unemployment rate in Milford Mill is 4.2%.


Population
29,926 people

County
Baltimore County

Renters

55.2% of Milford Mill households are renters.


Rent Burden

26.5% 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

Milford Mill Demographics


Median Individual Income
$37,167 / year

Median Household Income
$67,747 / year

Families w/ Dual Incomes
54%

Unemployment Rate
4.2%
Household Income Distribution
Milford Mill, MD

Median Age
36 years

Avg Family Size
3.26 people
Age Distribution
Milford Mill, MD

College Education or Above
30%

STEM College Graduates
45%
Education Distribution
Milford Mill, MD
Source: U.S. Census Bureau

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