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Multifamily Loans in
Danbury, CT

Overview

Danbury is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Danbury are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Danbury are some of the lowest nationally. Danbury 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 Danbury.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Danbury, CT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Danbury 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 $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
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®
$7.5M to $100M
5 Year Fixed 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Danbury 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 04, 2021


Multifamily Lenders in Danbury, CT

All major multifamily lender types are lending in Danbury.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


Danbury Market

The city of Danbury in Fairfield County has a population of 84,694. The median rent in Fairfield County for a 2 bedroom is $1,557. The median Danbury resident is 38 years old with a yearly income of $33,262. The average family has 3.32 members and a median household income of $73,297. Danbury has a 32% higher education rate. The unemployment rate in Danbury is 6.0%.


Population
84,694 people

County
Fairfield County

Renters

42% of Danbury households are renters.


Rent Burden

34.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Fairfield County 1
Connecticut 2
National 2
Studio $1,027 $974 $737
1 bedroom $1,245 $1,155 $813
2 bedroom $1,557 $1,442 $1,015
3 bedroom $1,983 $1,820 $1,325
4 bedroom $2,387 $2,144 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Danbury Demographics


Median Individual Income
$33,262 / year

Median Household Income
$73,297 / year

Families w/ Dual Incomes
61%

Unemployment Rate
6.0%
Household Income Distribution
Danbury, CT

Median Age
38 years

Avg Family Size
3.32 people
Age Distribution
Danbury, CT

College Education or Above
32%

STEM College Graduates
43%
Education Distribution
Danbury, CT
Source: U.S. Census Bureau

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