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Multifamily Loans in
Poughkeepsie, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Poughkeepsie, NY

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

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


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


Poughkeepsie Market

The city of Poughkeepsie in Dutchess County has a population of 30,515. The median rent in Dutchess County for a 2 bedroom is $1,575. The median Poughkeepsie resident is 38 years old with a yearly income of $25,819. The average family has 3.11 members and a median household income of $43,794. Poughkeepsie has a 23% higher education rate. The unemployment rate in Poughkeepsie is 9.4%.


Population
30,515 people

County
Dutchess County

Renters

65.3% of Poughkeepsie households are renters.


Rent Burden

41.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dutchess 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

Poughkeepsie Demographics


Median Individual Income
$25,819 / year

Median Household Income
$43,794 / year

Families w/ Dual Incomes
44%

Unemployment Rate
9.4%
Household Income Distribution
Poughkeepsie, NY

Median Age
38 years

Avg Family Size
3.11 people
Age Distribution
Poughkeepsie, NY

College Education or Above
23%

STEM College Graduates
40%
Education Distribution
Poughkeepsie, NY
Source: U.S. Census Bureau

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