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Multifamily Loans in
Raritan, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Raritan, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Raritan are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Raritan 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 02, 2021


Multifamily Lenders in Raritan, NJ

All major multifamily lender types are lending in Raritan.


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 02, 2021


Raritan Market

The city of Raritan in Hunterdon County has a population of 22,129. The median rent in Hunterdon County for a 2 bedroom is $1,888. The median Raritan resident is 46 years old with a yearly income of $57,069. The average family has 3.09 members and a median household income of $135,115. Raritan has a 61% higher education rate. The unemployment rate in Raritan is 4.1%.


Population
22,129 people

County
Hunterdon County

Renters

13% of Raritan households are renters.


Rent Burden

50% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hunterdon County 1
New Jersey 2
National 2
Studio $1,297 $1,166 $737
1 bedroom $1,477 $1,353 $813
2 bedroom $1,888 $1,671 $1,015
3 bedroom $2,356 $2,131 $1,325
4 bedroom $2,683 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Raritan Demographics


Median Individual Income
$57,069 / year

Median Household Income
$135,115 / year

Families w/ Dual Incomes
67%

Unemployment Rate
4.1%
Household Income Distribution
Raritan, NJ

Median Age
46 years

Avg Family Size
3.09 people
Age Distribution
Raritan, NJ

College Education or Above
61%

STEM College Graduates
48%
Education Distribution
Raritan, NJ
Source: U.S. Census Bureau

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