Fall River is located in a good market for 5+ unit multifamily loans. Multifamily loans in Fall River are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Fall River are competitive. Fall River 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 Fall River.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fall River are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.44% - 5.68% |
| 7 Year Fixed | 5.23% - 5.47% |
| 10 Year Fixed | 5.14% - 5.38% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Fall River.
The city of Fall River in Bristol County has a population of 89,541. The median rent in Bristol County for a 2 bedroom is $1,239. The median Fall River resident is 40 years old with a yearly income of $25,056. The average family has 2.93 members and a median household income of $43,503. Fall River has a 15% higher education rate. The unemployment rate in Fall River is 8.4%.
63.7% of Fall River households are renters.
32.2% median household income spent on rent.
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 |
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