Gaithersburg is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Gaithersburg are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Gaithersburg are some of the lowest nationally. Gaithersburg 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 Gaithersburg.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gaithersburg 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 | 5.22% - 5.46% |
| 7 Year Fixed | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
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 | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Gaithersburg.
The city of Gaithersburg in Montgomery County has a population of 67,985. The median rent in Montgomery County for a 2 bedroom is $1,917. The median Gaithersburg resident is 37 years old with a yearly income of $41,523. The average family has 3.33 members and a median household income of $89,763. Gaithersburg has a 54% higher education rate. The unemployment rate in Gaithersburg is 5.5%.
48.8% of Gaithersburg households are renters.
31.5% median household income spent on rent.
Bedrooms |
Montgomery County 1 |
Maryland 2 |
National 2 |
|---|---|---|---|
| Studio | $1,643 | $1,013 | $737 |
| 1 bedroom | $1,682 | $1,126 | $813 |
| 2 bedroom | $1,917 | $1,365 | $1,015 |
| 3 bedroom | $2,457 | $1,803 | $1,325 |
| 4 bedroom | $2,978 | $2,127 | $1,521 |
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