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Multifamily Loans in
Yarmouth, MA

Overview

Yarmouth is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Yarmouth are considered greater risk due to market dynamics. Interest rates for multifamily loans in Yarmouth are higher than the national average. Yarmouth apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Yarmouth.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Yarmouth, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Yarmouth 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 $6M
5 Year Fixed 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.78% - 4.02%
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®
$6M to $100M
5 Year Fixed 3.34% - 3.59%
7 Year Fixed 3.58% - 4.03%
10 Year Fixed 3.54% - 3.94%
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 Yarmouth 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 Yarmouth, MA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Yarmouth.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Nov 26, 2021


Yarmouth Market

The city of Yarmouth in Barnstable County has a population of 23,338. The median rent in Barnstable County for a 2 bedroom is $1,758. The median Yarmouth resident is 54 years old with a yearly income of $31,992. The average family has 2.69 members and a median household income of $63,432. Yarmouth has a 37% higher education rate. The unemployment rate in Yarmouth is 4.1%.


Population
23,338 people

County
Barnstable County

Renters

20.7% of Yarmouth households are renters.


Rent Burden

36.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Barnstable County 1
Massachusetts 2
National 2
Studio $1,160 $1,259 $737
1 bedroom $1,334 $1,399 $813
2 bedroom $1,758 $1,747 $1,015
3 bedroom $2,203 $2,190 $1,325
4 bedroom $2,384 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Yarmouth Demographics


Median Individual Income
$31,992 / year

Median Household Income
$63,432 / year

Families w/ Dual Incomes
48%

Unemployment Rate
4.1%
Household Income Distribution
Yarmouth, MA

Median Age
54 years

Avg Family Size
2.69 people
Age Distribution
Yarmouth, MA

College Education or Above
37%

STEM College Graduates
36%
Education Distribution
Yarmouth, MA
Source: U.S. Census Bureau

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