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Multifamily Loans in
Milton, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Milton, MA

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

All major multifamily lender types are lending in Milton.


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


Milton Market

The city of Milton in Norfolk County has a population of 27,572. The median rent in Norfolk County for a 2 bedroom is $2,470. The median Milton resident is 40 years old with a yearly income of $48,183. The average family has 3.29 members and a median household income of $133,718. Milton has a 61% higher education rate. The unemployment rate in Milton is 3.6%.


Population
27,572 people

County
Norfolk County

Renters

15.7% of Milton households are renters.


Rent Burden

33.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Norfolk 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

Milton Demographics


Median Individual Income
$48,183 / year

Median Household Income
$133,718 / year

Families w/ Dual Incomes
70%

Unemployment Rate
3.6%
Household Income Distribution
Milton, MA

Median Age
40 years

Avg Family Size
3.29 people
Age Distribution
Milton, MA

College Education or Above
61%

STEM College Graduates
46%
Education Distribution
Milton, MA
Source: U.S. Census Bureau

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