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Multifamily Loans in
Odenton, MD

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Odenton, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Odenton 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 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Odenton 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 05, 2021


Multifamily Lenders in Odenton, MD

All major multifamily lender types are lending in Odenton.


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 05, 2021


Odenton Market

The city of Odenton in Anne Arundel County has a population of 41,846. The median rent in Anne Arundel County for a 2 bedroom is $1,505. The median Odenton resident is 36 years old with a yearly income of $53,766. The average family has 3.18 members and a median household income of $99,601. Odenton has a 47% higher education rate. The unemployment rate in Odenton is 3.2%.


Population
41,846 people

County
Anne Arundel County

Renters

33% of Odenton households are renters.


Rent Burden

28.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Anne Arundel 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

Odenton Demographics


Median Individual Income
$53,766 / year

Median Household Income
$99,601 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.2%
Household Income Distribution
Odenton, MD

Median Age
36 years

Avg Family Size
3.18 people
Age Distribution
Odenton, MD

College Education or Above
47%

STEM College Graduates
50%
Education Distribution
Odenton, MD
Source: U.S. Census Bureau

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