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Multifamily Loans in
Bethlehem, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Bethlehem, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bethlehem 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 3.61% - 3.85%
7 Year Fixed 3.44% - 3.68%
10 Year Fixed 3.66% - 3.90%
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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Bethlehem 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 Dec 08, 2021


Multifamily Lenders in Bethlehem, PA

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


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 Dec 08, 2021


Bethlehem Market

The city of Bethlehem in Northampton County has a population of 75,815. The median rent in Northampton County for a 2 bedroom is $1,230. The median Bethlehem resident is 41 years old with a yearly income of $30,382. The average family has 2.93 members and a median household income of $53,984. Bethlehem has a 28% higher education rate. The unemployment rate in Bethlehem is 3.9%.


Population
75,815 people

County
Northampton County

Renters

46.1% of Bethlehem households are renters.


Rent Burden

32.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Northampton County 1
Pennsylvania 2
National 2
Studio $851 $680 $737
1 bedroom $962 $747 $813
2 bedroom $1,230 $929 $1,015
3 bedroom $1,591 $1,198 $1,325
4 bedroom $1,668 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bethlehem Demographics


Median Individual Income
$30,382 / year

Median Household Income
$53,984 / year

Families w/ Dual Incomes
52%

Unemployment Rate
3.9%
Household Income Distribution
Bethlehem, PA

Median Age
41 years

Avg Family Size
2.93 people
Age Distribution
Bethlehem, PA

College Education or Above
28%

STEM College Graduates
43%
Education Distribution
Bethlehem, PA
Source: U.S. Census Bureau

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