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Multifamily Loans in
Hamilton, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Hamilton, NJ

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

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


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


Hamilton Market

The city of Hamilton in Mercer County has a population of 87,424. The median rent in Mercer County for a 2 bedroom is $1,683. The median Hamilton resident is 42 years old with a yearly income of $37,963. The average family has 3.25 members and a median household income of $78,177. Hamilton has a 31% higher education rate. The unemployment rate in Hamilton is 5.1%.


Population
87,424 people

County
Mercer County

Renters

28.9% of Hamilton households are renters.


Rent Burden

31.6% 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

Hamilton Demographics


Median Individual Income
$37,963 / year

Median Household Income
$78,177 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.1%
Household Income Distribution
Hamilton, NJ

Median Age
42 years

Avg Family Size
3.25 people
Age Distribution
Hamilton, NJ

College Education or Above
31%

STEM College Graduates
38%
Education Distribution
Hamilton, NJ
Source: U.S. Census Bureau

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