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Multifamily Loans in
Muhlenberg, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Muhlenberg, PA

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

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


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


Muhlenberg Market

The city of Muhlenberg in Berks County has a population of 20,223. The median rent in Berks County for a 2 bedroom is $1,022. The median Muhlenberg resident is 39 years old with a yearly income of $32,078. The average family has 3.11 members and a median household income of $67,389. Muhlenberg has a 21% higher education rate. The unemployment rate in Muhlenberg is 5.1%.


Population
20,223 people

County
Berks County

Renters

17.3% of Muhlenberg households are renters.


Rent Burden

30.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Berks County 1
Pennsylvania 2
National 2
Studio $674 $680 $737
1 bedroom $796 $747 $813
2 bedroom $1,022 $929 $1,015
3 bedroom $1,271 $1,198 $1,325
4 bedroom $1,386 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Muhlenberg Demographics


Median Individual Income
$32,078 / year

Median Household Income
$67,389 / year

Families w/ Dual Incomes
56%

Unemployment Rate
5.1%
Household Income Distribution
Muhlenberg, PA

Median Age
39 years

Avg Family Size
3.11 people
Age Distribution
Muhlenberg, PA

College Education or Above
21%

STEM College Graduates
44%
Education Distribution
Muhlenberg, PA
Source: U.S. Census Bureau

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