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Multifamily Loans in
Hyde Park, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Hyde Park, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hyde Park 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 3.11% - 3.36%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.33% - 3.73%
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 Hyde Park 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 Hyde Park, NY

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


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 Nov 29, 2021


Hyde Park Market

The city of Hyde Park in Dutchess County has a population of 20,954. The median rent in Dutchess County for a 2 bedroom is $1,575. The median Hyde Park resident is 41 years old with a yearly income of $31,899. The average family has 2.95 members and a median household income of $76,093. Hyde Park has a 30% higher education rate. The unemployment rate in Hyde Park is 6.7%.


Population
20,954 people

County
Dutchess County

Renters

26.6% of Hyde Park households are renters.


Rent Burden

31.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dutchess County 1
New York 2
National 2
Studio $1,169 $909 $737
1 bedroom $1,246 $990 $813
2 bedroom $1,575 $1,202 $1,015
3 bedroom $2,005 $1,537 $1,325
4 bedroom $2,251 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hyde Park Demographics


Median Individual Income
$31,899 / year

Median Household Income
$76,093 / year

Families w/ Dual Incomes
54%

Unemployment Rate
6.7%
Household Income Distribution
Hyde Park, NY

Median Age
41 years

Avg Family Size
2.95 people
Age Distribution
Hyde Park, NY

College Education or Above
30%

STEM College Graduates
51%
Education Distribution
Hyde Park, NY
Source: U.S. Census Bureau

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