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Multifamily Loans in
Deptford, NJ

Overview

Deptford is located in a good market for 5+ unit multifamily loans. Multifamily loans in Deptford are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Deptford are competitive. Deptford 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 Deptford.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Deptford, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Deptford 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 3.06% - 3.31%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Deptford 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 Nov 29, 2021


Multifamily Lenders in Deptford, NJ

All major multifamily lender types are lending in Deptford.


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 Nov 29, 2021


Deptford Market

The city of Deptford in Gloucester County has a population of 30,448. The median rent in Gloucester County for a 2 bedroom is $1,358. The median Deptford resident is 42 years old with a yearly income of $35,596. The average family has 3.19 members and a median household income of $72,261. Deptford has a 25% higher education rate. The unemployment rate in Deptford is 6.4%.


Population
30,448 people

County
Gloucester County

Renters

25.5% of Deptford households are renters.


Rent Burden

35.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Gloucester County 1
New Jersey 2
National 2
Studio $970 $1,166 $737
1 bedroom $1,121 $1,353 $813
2 bedroom $1,358 $1,671 $1,015
3 bedroom $1,689 $2,131 $1,325
4 bedroom $1,935 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Deptford Demographics


Median Individual Income
$35,596 / year

Median Household Income
$72,261 / year

Families w/ Dual Incomes
59%

Unemployment Rate
6.4%
Household Income Distribution
Deptford, NJ

Median Age
42 years

Avg Family Size
3.19 people
Age Distribution
Deptford, NJ

College Education or Above
25%

STEM College Graduates
50%
Education Distribution
Deptford, NJ
Source: U.S. Census Bureau

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