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Multifamily Loans in
New Windsor, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in New Windsor, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in New Windsor 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 3.11% - 3.36%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in New Windsor 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 Nov 29, 2021


Multifamily Lenders in New Windsor, NY

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


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 Nov 29, 2021


New Windsor Market

The city of New Windsor in Orange County has a population of 27,296. The median rent in Orange County for a 2 bedroom is $1,575. The median New Windsor resident is 38 years old with a yearly income of $37,668. The average family has 3.45 members and a median household income of $82,144. New Windsor has a 32% higher education rate. The unemployment rate in New Windsor is 3.3%.


Population
27,296 people

County
Orange County

Renters

27.7% of New Windsor households are renters.


Rent Burden

31% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Orange County 1
New York 2
National 2
Studio $1,169 $909 $737
1 bedroom $1,246 $990 $813
2 bedroom $1,575 $1,202 $1,015
3 bedroom $2,005 $1,537 $1,325
4 bedroom $2,251 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

New Windsor Demographics


Median Individual Income
$37,668 / year

Median Household Income
$82,144 / year

Families w/ Dual Incomes
66%

Unemployment Rate
3.3%
Household Income Distribution
New Windsor, NY

Median Age
38 years

Avg Family Size
3.45 people
Age Distribution
New Windsor, NY

College Education or Above
32%

STEM College Graduates
35%
Education Distribution
New Windsor, NY
Source: U.S. Census Bureau

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