Mount Pleasant is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Mount Pleasant are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Mount Pleasant are some of the lowest nationally. Mount Pleasant 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 Mount Pleasant.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mount Pleasant are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.74% - 7.48% |
| 7 Year Fixed | 6.70% - 7.21% |
| 10 Year Fixed | 6.71% - 7.11% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.97% - 7.21% |
| 7 Year Fixed | 6.93% - 7.17% |
| 10 Year Fixed | 6.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.54% - 7.28% |
| 7 Year Fixed | 6.50% - 7.01% |
| 10 Year Fixed | 6.51% - 6.91% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Mount Pleasant.
The city of Mount Pleasant in Westchester County has a population of 44,970. The median rent in Westchester County for a 2 bedroom is $2,116. The median Mount Pleasant resident is 39 years old with a yearly income of $44,776. The average family has 3.33 members and a median household income of $120,676. Mount Pleasant has a 53% higher education rate. The unemployment rate in Mount Pleasant is 5.4%.
30.2% of Mount Pleasant households are renters.
41.1% median household income spent on rent.
Bedrooms |
Westchester County 1 |
New York 2 |
National 2 |
|---|---|---|---|
| Studio | $1,509 | $909 | $737 |
| 1 bedroom | $1,763 | $990 | $813 |
| 2 bedroom | $2,116 | $1,202 | $1,015 |
| 3 bedroom | $2,705 | $1,537 | $1,325 |
| 4 bedroom | $3,074 | $1,692 | $1,521 |
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