Pittsford is located in a good market for 5+ unit multifamily loans. Multifamily loans in Pittsford are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Pittsford are competitive. Pittsford 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 Pittsford.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pittsford are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.99% - 7.23% |
| 7 Year Fixed | 6.68% - 6.92% |
| 10 Year Fixed | 6.64% - 6.88% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Pittsford.
The city of Pittsford in Monroe County has a population of 29,410. The median rent in Monroe County for a 2 bedroom is $1,070. The median Pittsford resident is 43 years old with a yearly income of $48,176. The average family has 2.97 members and a median household income of $123,625. Pittsford has a 76% higher education rate. The unemployment rate in Pittsford is 3.0%.
14.2% of Pittsford households are renters.
23.4% median household income spent on rent.
Bedrooms |
Monroe County 1 |
New York 2 |
National 2 |
|---|---|---|---|
| Studio | $742 | $909 | $737 |
| 1 bedroom | $856 | $990 | $813 |
| 2 bedroom | $1,070 | $1,202 | $1,015 |
| 3 bedroom | $1,331 | $1,537 | $1,325 |
| 4 bedroom | $1,451 | $1,692 | $1,521 |
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