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.
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 | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Montgomery Village.
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%.
33.2% of Montgomery Village households are renters.
40.3% median household income spent on rent.
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 |
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