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Multifamily Loans in
Huntington Station, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Huntington Station, NY

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

All major multifamily lender types are lending in Huntington Station.


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 Station Market

The city of Huntington Station in Suffolk County has a population of 32,866. The median rent in Suffolk County for a 2 bedroom is $2,190. The median Huntington Station resident is 37 years old with a yearly income of $39,024. The average family has 3.62 members and a median household income of $93,400. Huntington Station has a 38% higher education rate. The unemployment rate in Huntington Station is 3.8%.


Population
32,866 people

County
Suffolk County

Renters

26.1% of Huntington Station households are renters.


Rent Burden

40.7% 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 Station Demographics


Median Individual Income
$39,024 / year

Median Household Income
$93,400 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.8%
Household Income Distribution
Huntington Station, NY

Median Age
37 years

Avg Family Size
3.62 people
Age Distribution
Huntington Station, NY

College Education or Above
38%

STEM College Graduates
37%
Education Distribution
Huntington Station, NY
Source: U.S. Census Bureau

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