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Multifamily Loans in
Towson, MD

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Towson, MD

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

All major multifamily lender types are lending in Towson.


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


Towson Market

The city of Towson in Baltimore County has a population of 57,817. The median rent in Baltimore County for a 2 bedroom is $1,505. The median Towson resident is 33 years old with a yearly income of $37,299. The average family has 3 members and a median household income of $88,786. Towson has a 65% higher education rate. The unemployment rate in Towson is 4.3%.


Population
57,817 people

County
Baltimore County

Renters

42.6% of Towson households are renters.


Rent Burden

33% 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

Towson Demographics


Median Individual Income
$37,299 / year

Median Household Income
$88,786 / year

Families w/ Dual Incomes
61%

Unemployment Rate
4.3%
Household Income Distribution
Towson, MD

Median Age
33 years

Avg Family Size
3 people
Age Distribution
Towson, MD

College Education or Above
65%

STEM College Graduates
48%
Education Distribution
Towson, MD
Source: U.S. Census Bureau

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