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Multifamily Loans in
Taunton, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Taunton, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Taunton 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 3.24% - 3.49%
7 Year Fixed 3.48% - 3.93%
10 Year Fixed 3.44% - 3.84%
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 Taunton 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 Taunton, MA

All major multifamily lender types are lending in Taunton.


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


Taunton Market

The city of Taunton in Bristol County has a population of 57,464. The median rent in Bristol County for a 2 bedroom is $1,239. The median Taunton resident is 40 years old with a yearly income of $32,350. The average family has 3.11 members and a median household income of $62,865. Taunton has a 23% higher education rate. The unemployment rate in Taunton is 6.5%.


Population
57,464 people

County
Bristol County

Renters

37.6% of Taunton households are renters.


Rent Burden

34.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Bristol County 1
Massachusetts 2
National 2
Studio $915 $1,259 $737
1 bedroom $1,030 $1,399 $813
2 bedroom $1,239 $1,747 $1,015
3 bedroom $1,541 $2,190 $1,325
4 bedroom $1,850 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Taunton Demographics


Median Individual Income
$32,350 / year

Median Household Income
$62,865 / year

Families w/ Dual Incomes
53%

Unemployment Rate
6.5%
Household Income Distribution
Taunton, MA

Median Age
40 years

Avg Family Size
3.11 people
Age Distribution
Taunton, MA

College Education or Above
23%

STEM College Graduates
40%
Education Distribution
Taunton, MA
Source: U.S. Census Bureau

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