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Multifamily Loans in
Manor, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Manor, PA

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

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


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


Manor Market

The city of Manor in Lancaster County has a population of 20,832. The median rent in Lancaster County for a 2 bedroom is $1,090. The median Manor resident is 40 years old with a yearly income of $33,968. The average family has 3.02 members and a median household income of $66,747. Manor has a 30% higher education rate. The unemployment rate in Manor is 2.6%.


Population
20,832 people

County
Lancaster County

Renters

28.4% of Manor households are renters.


Rent Burden

24.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lancaster County 1
Pennsylvania 2
National 2
Studio $733 $680 $737
1 bedroom $867 $747 $813
2 bedroom $1,090 $929 $1,015
3 bedroom $1,374 $1,198 $1,325
4 bedroom $1,478 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Manor Demographics


Median Individual Income
$33,968 / year

Median Household Income
$66,747 / year

Families w/ Dual Incomes
60%

Unemployment Rate
2.6%
Household Income Distribution
Manor, PA

Median Age
40 years

Avg Family Size
3.02 people
Age Distribution
Manor, PA

College Education or Above
30%

STEM College Graduates
39%
Education Distribution
Manor, PA
Source: U.S. Census Bureau

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