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Multifamily Loans in
Northampton, MA

Overview

Northampton is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Northampton are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Northampton are slightly higher than the national average. Northampton apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Northampton.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Northampton, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Northampton 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 $6M
5 Year Fixed 3.61% - 3.85%
7 Year Fixed 3.44% - 3.68%
10 Year Fixed 3.66% - 3.90%
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®
$6M to $100M
5 Year Fixed 3.29% - 3.54%
7 Year Fixed 3.53% - 3.98%
10 Year Fixed 3.49% - 3.89%
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 Northampton 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 Northampton, MA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Northampton.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Nov 26, 2021


Northampton Market

The city of Northampton in Hampshire County has a population of 28,451. The median rent in Hampshire County for a 2 bedroom is $1,209. The median Northampton resident is 40 years old with a yearly income of $30,638. The average family has 2.87 members and a median household income of $66,522. Northampton has a 60% higher education rate. The unemployment rate in Northampton is 3.7%.


Population
28,451 people

County
Hampshire County

Renters

44.5% of Northampton households are renters.


Rent Burden

39.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hampshire County 1
Massachusetts 2
National 2
Studio $798 $1,259 $737
1 bedroom $954 $1,399 $813
2 bedroom $1,209 $1,747 $1,015
3 bedroom $1,504 $2,190 $1,325
4 bedroom $1,764 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Northampton Demographics


Median Individual Income
$30,638 / year

Median Household Income
$66,522 / year

Families w/ Dual Incomes
57%

Unemployment Rate
3.7%
Household Income Distribution
Northampton, MA

Median Age
40 years

Avg Family Size
2.87 people
Age Distribution
Northampton, MA

College Education or Above
60%

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

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