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Multifamily Loans in
Easton, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Easton, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Easton 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 Easton 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 Easton, PA

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


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


Easton Market

The city of Easton in Northampton County has a population of 27,189. The median rent in Northampton County for a 2 bedroom is $1,230. The median Easton resident is 35 years old with a yearly income of $22,415. The average family has 3.21 members and a median household income of $51,698. Easton has a 22% higher education rate. The unemployment rate in Easton is 4.9%.


Population
27,189 people

County
Northampton County

Renters

52.7% of Easton households are renters.


Rent Burden

34.9% 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

Easton Demographics


Median Individual Income
$22,415 / year

Median Household Income
$51,698 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.9%
Household Income Distribution
Easton, PA

Median Age
35 years

Avg Family Size
3.21 people
Age Distribution
Easton, PA

College Education or Above
22%

STEM College Graduates
41%
Education Distribution
Easton, PA
Source: U.S. Census Bureau

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