Loading...

Multifamily Loans in
Weymouth, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Weymouth, MA

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

All major multifamily lender types are lending in Weymouth.


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


Weymouth Market

The city of Weymouth in Norfolk County has a population of 57,746. The median rent in Norfolk County for a 2 bedroom is $2,470. The median Weymouth resident is 42 years old with a yearly income of $42,293. The average family has 2.99 members and a median household income of $84,942. Weymouth has a 39% higher education rate. The unemployment rate in Weymouth is 5.8%.


Population
57,746 people

County
Norfolk County

Renters

33% of Weymouth households are renters.


Rent Burden

30.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Norfolk 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

Weymouth Demographics


Median Individual Income
$42,293 / year

Median Household Income
$84,942 / year

Families w/ Dual Incomes
64%

Unemployment Rate
5.8%
Household Income Distribution
Weymouth, MA

Median Age
42 years

Avg Family Size
2.99 people
Age Distribution
Weymouth, MA

College Education or Above
39%

STEM College Graduates
46%
Education Distribution
Weymouth, MA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day