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Multifamily Loans in
Huntington, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Huntington, NY

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

All major multifamily lender types are lending in Huntington.


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


Huntington Market

The city of Huntington in Suffolk County has a population of 201,718. The median rent in Suffolk County for a 2 bedroom is $2,190. The median Huntington resident is 45 years old with a yearly income of $49,192. The average family has 3.33 members and a median household income of $124,490. Huntington has a 54% higher education rate. The unemployment rate in Huntington is 3.7%.


Population
201,718 people

County
Suffolk County

Renters

13.1% of Huntington households are renters.


Rent Burden

41.8% 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

Huntington Demographics


Median Individual Income
$49,192 / year

Median Household Income
$124,490 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.7%
Household Income Distribution
Huntington, NY

Median Age
45 years

Avg Family Size
3.33 people
Age Distribution
Huntington, NY

College Education or Above
54%

STEM College Graduates
41%
Education Distribution
Huntington, NY
Source: U.S. Census Bureau

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