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Multifamily Loans in
Halfmoon, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Halfmoon, NY

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

All major multifamily lender types are lending in Halfmoon.


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


Halfmoon Market

The city of Halfmoon in Saratoga County has a population of 24,224. The median rent in Saratoga County for a 2 bedroom is $1,205. The median Halfmoon resident is 43 years old with a yearly income of $44,789. The average family has 2.86 members and a median household income of $87,169. Halfmoon has a 42% higher education rate. The unemployment rate in Halfmoon is 3.0%.


Population
24,224 people

County
Saratoga County

Renters

32.4% of Halfmoon households are renters.


Rent Burden

23.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Saratoga County 1
New York 2
National 2
Studio $873 $909 $737
1 bedroom $984 $990 $813
2 bedroom $1,205 $1,202 $1,015
3 bedroom $1,499 $1,537 $1,325
4 bedroom $1,634 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Halfmoon Demographics


Median Individual Income
$44,789 / year

Median Household Income
$87,169 / year

Families w/ Dual Incomes
62%

Unemployment Rate
3.0%
Household Income Distribution
Halfmoon, NY

Median Age
43 years

Avg Family Size
2.86 people
Age Distribution
Halfmoon, NY

College Education or Above
42%

STEM College Graduates
48%
Education Distribution
Halfmoon, NY
Source: U.S. Census Bureau

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