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Multifamily Loans in
Owings Mills, MD

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Owings Mills, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Owings Mills 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 Owings Mills 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 Owings Mills, MD

All major multifamily lender types are lending in Owings Mills.


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


Owings Mills Market

The city of Owings Mills in Baltimore County has a population of 35,081. The median rent in Baltimore County for a 2 bedroom is $1,505. The median Owings Mills resident is 34 years old with a yearly income of $41,062. The average family has 3.31 members and a median household income of $81,569. Owings Mills has a 47% higher education rate. The unemployment rate in Owings Mills is 5.7%.


Population
35,081 people

County
Baltimore County

Renters

53.9% of Owings Mills households are renters.


Rent Burden

28.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Baltimore 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

Owings Mills Demographics


Median Individual Income
$41,062 / year

Median Household Income
$81,569 / year

Families w/ Dual Incomes
62%

Unemployment Rate
5.7%
Household Income Distribution
Owings Mills, MD

Median Age
34 years

Avg Family Size
3.31 people
Age Distribution
Owings Mills, MD

College Education or Above
47%

STEM College Graduates
55%
Education Distribution
Owings Mills, MD
Source: U.S. Census Bureau

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