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Multifamily Loans in
Hauppauge, NY

Overview

Hauppauge is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Hauppauge are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Hauppauge are some of the lowest nationally. Hauppauge 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 Hauppauge.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Hauppauge, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hauppauge are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.01% - 3.26%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.23% - 3.63%
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 Hauppauge 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 Hauppauge, NY

All major multifamily lender types are lending in Hauppauge.


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


Hauppauge Market

The city of Hauppauge in Suffolk County has a population of 20,005. The median rent in Suffolk County for a 2 bedroom is $2,190. The median Hauppauge resident is 44 years old with a yearly income of $49,283. The average family has 3.36 members and a median household income of $116,124. Hauppauge has a 46% higher education rate. The unemployment rate in Hauppauge is 3.1%.


Population
20,005 people

County
Suffolk County

Renters

17.7% of Hauppauge households are renters.


Rent Burden

29.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Suffolk County 1
New York 2
National 2
Studio $1,445 $909 $737
1 bedroom $1,786 $990 $813
2 bedroom $2,190 $1,202 $1,015
3 bedroom $2,804 $1,537 $1,325
4 bedroom $3,116 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hauppauge Demographics


Median Individual Income
$49,283 / year

Median Household Income
$116,124 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.1%
Household Income Distribution
Hauppauge, NY

Median Age
44 years

Avg Family Size
3.36 people
Age Distribution
Hauppauge, NY

College Education or Above
46%

STEM College Graduates
45%
Education Distribution
Hauppauge, NY
Source: U.S. Census Bureau

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