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Multifamily Loans in
Plymouth, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Plymouth, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Plymouth are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.19% - 3.44%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.39% - 3.79%
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 Plymouth 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 Plymouth, MA

All major multifamily lender types are lending in Plymouth.


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 Nov 26, 2021


Plymouth Market

The city of Plymouth in Plymouth County has a population of 60,024. The median rent in Plymouth County for a 2 bedroom is $2,470. The median Plymouth resident is 47 years old with a yearly income of $40,996. The average family has 2.94 members and a median household income of $90,279. Plymouth has a 38% higher education rate. The unemployment rate in Plymouth is 4.3%.


Population
60,024 people

County
Plymouth County

Renters

20.3% of Plymouth households are renters.


Rent Burden

34.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Plymouth County 1
Massachusetts 2
National 2
Studio $1,842 $1,259 $737
1 bedroom $2,034 $1,399 $813
2 bedroom $2,470 $1,747 $1,015
3 bedroom $3,072 $2,190 $1,325
4 bedroom $3,349 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Plymouth Demographics


Median Individual Income
$40,996 / year

Median Household Income
$90,279 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.3%
Household Income Distribution
Plymouth, MA

Median Age
47 years

Avg Family Size
2.94 people
Age Distribution
Plymouth, MA

College Education or Above
38%

STEM College Graduates
42%
Education Distribution
Plymouth, MA
Source: U.S. Census Bureau

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