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Multifamily Loans in
New Haven, CT

Overview

New Haven is located in a good market for 5+ unit multifamily loans. Multifamily loans in New Haven are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in New Haven are competitive. New Haven 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 New Haven.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in New Haven, CT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in New Haven 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 $7.5M
5 Year Fixed 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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®
$7.5M to $100M
5 Year Fixed 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in New Haven 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 04, 2021


Multifamily Lenders in New Haven, CT

All major multifamily lender types are lending in New Haven.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


New Haven Market

The city of New Haven in New Haven County has a population of 130,250. The median rent in New Haven County for a 2 bedroom is $1,546. The median New Haven resident is 31 years old with a yearly income of $24,458. The average family has 3.37 members and a median household income of $42,222. New Haven has a 35% higher education rate. The unemployment rate in New Haven is 9.0%.


Population
130,250 people

County
New Haven County

Renters

72% of New Haven households are renters.


Rent Burden

44% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
New Haven County 1
Connecticut 2
National 2
Studio $1,020 $974 $737
1 bedroom $1,279 $1,155 $813
2 bedroom $1,546 $1,442 $1,015
3 bedroom $1,923 $1,820 $1,325
4 bedroom $2,526 $2,144 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

New Haven Demographics


Median Individual Income
$24,458 / year

Median Household Income
$42,222 / year

Families w/ Dual Incomes
45%

Unemployment Rate
9.0%
Household Income Distribution
New Haven, CT

Median Age
31 years

Avg Family Size
3.37 people
Age Distribution
New Haven, CT

College Education or Above
35%

STEM College Graduates
52%
Education Distribution
New Haven, CT
Source: U.S. Census Bureau

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