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Multifamily Loans in
Lower Macungie, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Lower Macungie, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lower Macungie 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Lower Macungie 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 Dec 08, 2021


Multifamily Lenders in Lower Macungie, PA

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


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 Dec 08, 2021


Lower Macungie Market

The city of Lower Macungie in Lehigh County has a population of 32,218. The median rent in Lehigh County for a 2 bedroom is $1,230. The median Lower Macungie resident is 44 years old with a yearly income of $44,435. The average family has 3.04 members and a median household income of $90,011. Lower Macungie has a 48% higher education rate. The unemployment rate in Lower Macungie is 3.6%.


Population
32,218 people

County
Lehigh County

Renters

14.5% of Lower Macungie households are renters.


Rent Burden

30% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lehigh County 1
Pennsylvania 2
National 2
Studio $851 $680 $737
1 bedroom $962 $747 $813
2 bedroom $1,230 $929 $1,015
3 bedroom $1,591 $1,198 $1,325
4 bedroom $1,668 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Lower Macungie Demographics


Median Individual Income
$44,435 / year

Median Household Income
$90,011 / year

Families w/ Dual Incomes
61%

Unemployment Rate
3.6%
Household Income Distribution
Lower Macungie, PA

Median Age
44 years

Avg Family Size
3.04 people
Age Distribution
Lower Macungie, PA

College Education or Above
48%

STEM College Graduates
50%
Education Distribution
Lower Macungie, PA
Source: U.S. Census Bureau

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