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Multifamily Loans in
Waltham, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Waltham, MA

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

All major multifamily lender types are lending in Waltham.


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


Waltham Market

The city of Waltham in Middlesex County has a population of 62,495. The median rent in Middlesex County for a 2 bedroom is $2,470. The median Waltham resident is 34 years old with a yearly income of $41,988. The average family has 3.02 members and a median household income of $95,964. Waltham has a 54% higher education rate. The unemployment rate in Waltham is 3.0%.


Population
62,495 people

County
Middlesex County

Renters

48.3% of Waltham households are renters.


Rent Burden

28.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Middlesex 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

Waltham Demographics


Median Individual Income
$41,988 / year

Median Household Income
$95,964 / year

Families w/ Dual Incomes
67%

Unemployment Rate
3.0%
Household Income Distribution
Waltham, MA

Median Age
34 years

Avg Family Size
3.02 people
Age Distribution
Waltham, MA

College Education or Above
54%

STEM College Graduates
53%
Education Distribution
Waltham, MA
Source: U.S. Census Bureau

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