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Multifamily Loans in
Hicksville, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Hicksville, NY

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

All major multifamily lender types are lending in Hicksville.


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


Hicksville Market

The city of Hicksville in Nassau County has a population of 42,709. The median rent in Nassau County for a 2 bedroom is $2,190. The median Hicksville resident is 43 years old with a yearly income of $41,169. The average family has 3.49 members and a median household income of $113,063. Hicksville has a 39% higher education rate. The unemployment rate in Hicksville is 3.7%.


Population
42,709 people

County
Nassau County

Renters

14.6% of Hicksville households are renters.


Rent Burden

35.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Nassau 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

Hicksville Demographics


Median Individual Income
$41,169 / year

Median Household Income
$113,063 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.7%
Household Income Distribution
Hicksville, NY

Median Age
43 years

Avg Family Size
3.49 people
Age Distribution
Hicksville, NY

College Education or Above
39%

STEM College Graduates
47%
Education Distribution
Hicksville, NY
Source: U.S. Census Bureau

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