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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Yarmouth 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 $6M |
|---|---|
| 5 Year Fixed | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.33% - 5.57% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Yarmouth.
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%.
20.7% of Yarmouth households are renters.
36.9% median household income spent on rent.
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 |
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