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Multifamily Loans in
Hamden, CT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Hamden, CT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hamden 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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Hamden 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 Hamden, CT

All major multifamily lender types are lending in Hamden.


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


Hamden Market

The city of Hamden in New Haven County has a population of 60,982. The median rent in New Haven County for a 2 bedroom is $1,546. The median Hamden resident is 37 years old with a yearly income of $36,027. The average family has 3.15 members and a median household income of $77,274. Hamden has a 46% higher education rate. The unemployment rate in Hamden is 5.4%.


Population
60,982 people

County
New Haven County

Renters

36.1% of Hamden households are renters.


Rent Burden

33.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
New Haven County 1
Connecticut 2
National 2
Studio $1,020 $974 $737
1 bedroom $1,279 $1,155 $813
2 bedroom $1,546 $1,442 $1,015
3 bedroom $1,923 $1,820 $1,325
4 bedroom $2,526 $2,144 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hamden Demographics


Median Individual Income
$36,027 / year

Median Household Income
$77,274 / year

Families w/ Dual Incomes
63%

Unemployment Rate
5.4%
Household Income Distribution
Hamden, CT

Median Age
37 years

Avg Family Size
3.15 people
Age Distribution
Hamden, CT

College Education or Above
46%

STEM College Graduates
47%
Education Distribution
Hamden, CT
Source: U.S. Census Bureau

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