MULTIFAMILY (5+ UNITS) · Maryland (MD) Underwriting Matrix · Stephen R. Mannenbach, J.D., MBA

Maryland Multifamily Loans (5–8, 5–9, 5–10, 5–25 & 5+ Unit Apartment Financing) — 2026 Rates, LTV Caps & State Rules

Maryland Multifamily (5+ Units) provide business-purpose real estate investors with Up to 75%–80% LTV Purchase / 70%–75% Cash-Out across loan amounts from $100,000 – $15,000,000+ at 6.50% – 8.50% (Perm) / 8.99%+ (Value-Add Bridge) (30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 24-Mo Bridge, 660+ FICO min FICO, 21 – 30 Business Days close). In Maryland (MD), lenders underwrite to a Quasi-Judicial (Order to Docket / Power of Sale) statutory framework (120–170 days-day average timeline), a 1.05% average property tax rate (~$363/mo at the $415,000 state median), and $490/$100K hazard insurance (~$169/mo).

Max Leverage / LTC
Up to 75%–80% LTV Purchase / 70%–75% Cash-Out
Min FICO: 660+ FICO
2026 Rate Band
6.50% – 8.50% (Perm) / 8.99%+ (Value-Add Bridge)
30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 24-Mo Bridge
MD Security Instrument
Quasi-Judicial (Order to Docket / Power of Sale)
120–170 days days avg timeline
MD Avg Tax & Ins
1.05% Tax
$490/$100K Hazard Ins

Maryland County-Level Property Tax & Insurance Hubs (3)

Baltimore City, MD
Baltimore City, MD · 2.24% Tax · $650/$100K Ins
Montgomery County, MD
Montgomery County, MD · 1.04% Tax · $540/$100K Ins
Prince George's County, MD
Prince George's County, MD · 1.38% Tax · $560/$100K Ins

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Maryland Multifamily (5+ Units) (2026) — Up to 75%–80% LTV Purchase / 70%–75% Cash-Out, 6.50% – 8.50% (Perm) / 8.99%+ (Value-Add Bridge) | Stephen R. Mannenbach | Stephen Mannenbach