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Multifamily Loans in
Montgomery Village, MD

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Montgomery Village, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Montgomery Village 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Montgomery Village 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 Montgomery Village, MD

All major multifamily lender types are lending in Montgomery Village.


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


Montgomery Village Market

The city of Montgomery Village in Montgomery County has a population of 34,332. The median rent in Montgomery County for a 2 bedroom is $1,917. The median Montgomery Village resident is 36 years old with a yearly income of $36,056. The average family has 3.48 members and a median household income of $80,440. Montgomery Village has a 42% higher education rate. The unemployment rate in Montgomery Village is 5.0%.


Population
34,332 people

County
Montgomery County

Renters

33.2% of Montgomery Village households are renters.


Rent Burden

40.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Montgomery County 1
Maryland 2
National 2
Studio $1,643 $1,013 $737
1 bedroom $1,682 $1,126 $813
2 bedroom $1,917 $1,365 $1,015
3 bedroom $2,457 $1,803 $1,325
4 bedroom $2,978 $2,127 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Montgomery Village Demographics


Median Individual Income
$36,056 / year

Median Household Income
$80,440 / year

Families w/ Dual Incomes
63%

Unemployment Rate
5.0%
Household Income Distribution
Montgomery Village, MD

Median Age
36 years

Avg Family Size
3.48 people
Age Distribution
Montgomery Village, MD

College Education or Above
42%

STEM College Graduates
53%
Education Distribution
Montgomery Village, MD
Source: U.S. Census Bureau

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