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.
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 | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.28% - 7.52% |
| 7 Year Fixed | 6.89% - 7.13% |
| 10 Year Fixed | 6.88% - 7.12% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Lower Macungie.
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%.
14.5% of Lower Macungie households are renters.
30% median household income spent on rent.
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 |
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