Loading...

Multifamily Loans in
East Windsor, NJ

Overview

East Windsor is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in East Windsor are considered moderate risk due to market dynamics. Interest rates for multifamily loans in East Windsor are slightly higher than the national average. East Windsor 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 East Windsor.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in East Windsor, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in East Windsor 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 3.10% - 3.35%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in East Windsor 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 02, 2021


Multifamily Lenders in East Windsor, NJ

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


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 02, 2021


East Windsor Market

The city of East Windsor in Mercer County has a population of 27,245. The median rent in Mercer County for a 2 bedroom is $1,683. The median East Windsor resident is 39 years old with a yearly income of $39,266. The average family has 3.35 members and a median household income of $88,795. East Windsor has a 51% higher education rate. The unemployment rate in East Windsor is 3.9%.


Population
27,245 people

County
Mercer County

Renters

36.9% of East Windsor households are renters.


Rent Burden

33.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Mercer County 1
New Jersey 2
National 2
Studio $1,110 $1,166 $737
1 bedroom $1,280 $1,353 $813
2 bedroom $1,683 $1,671 $1,015
3 bedroom $2,093 $2,131 $1,325
4 bedroom $2,304 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

East Windsor Demographics


Median Individual Income
$39,266 / year

Median Household Income
$88,795 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.9%
Household Income Distribution
East Windsor, NJ

Median Age
39 years

Avg Family Size
3.35 people
Age Distribution
East Windsor, NJ

College Education or Above
51%

STEM College Graduates
54%
Education Distribution
East Windsor, NJ
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day