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Multifamily Loans in
Springettsbury, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Springettsbury, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Springettsbury 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Springettsbury 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 08, 2021


Multifamily Lenders in Springettsbury, PA

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


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 Dec 08, 2021


Springettsbury Market

The city of Springettsbury in York County has a population of 26,773. The median rent in York County for a 2 bedroom is $1,030. The median Springettsbury resident is 41 years old with a yearly income of $29,521. The average family has 2.95 members and a median household income of $64,595. Springettsbury has a 29% higher education rate. The unemployment rate in Springettsbury is 4.2%.


Population
26,773 people

County
York County

Renters

29.5% of Springettsbury households are renters.


Rent Burden

33.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
York County 1
Pennsylvania 2
National 2
Studio $680 $680 $737
1 bedroom $782 $747 $813
2 bedroom $1,030 $929 $1,015
3 bedroom $1,302 $1,198 $1,325
4 bedroom $1,429 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Springettsbury Demographics


Median Individual Income
$29,521 / year

Median Household Income
$64,595 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.2%
Household Income Distribution
Springettsbury, PA

Median Age
41 years

Avg Family Size
2.95 people
Age Distribution
Springettsbury, PA

College Education or Above
29%

STEM College Graduates
40%
Education Distribution
Springettsbury, PA
Source: U.S. Census Bureau

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