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Multifamily Loans in
Stratford, CT

Overview

Stratford is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Stratford are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Stratford are some of the lowest nationally. Stratford 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 Stratford.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Stratford, CT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Stratford 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 $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
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®
$7.5M to $100M
5 Year Fixed 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Stratford 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 04, 2021


Multifamily Lenders in Stratford, CT

All major multifamily lender types are lending in Stratford.


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 04, 2021


Stratford Market

The city of Stratford in Fairfield County has a population of 52,120. The median rent in Fairfield County for a 2 bedroom is $1,557. The median Stratford resident is 43 years old with a yearly income of $38,601. The average family has 3.17 members and a median household income of $79,430. Stratford has a 33% higher education rate. The unemployment rate in Stratford is 6.7%.


Population
52,120 people

County
Fairfield County

Renters

20.8% of Stratford households are renters.


Rent Burden

39.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Fairfield County 1
Connecticut 2
National 2
Studio $1,027 $974 $737
1 bedroom $1,245 $1,155 $813
2 bedroom $1,557 $1,442 $1,015
3 bedroom $1,983 $1,820 $1,325
4 bedroom $2,387 $2,144 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Stratford Demographics


Median Individual Income
$38,601 / year

Median Household Income
$79,430 / year

Families w/ Dual Incomes
57%

Unemployment Rate
6.7%
Household Income Distribution
Stratford, CT

Median Age
43 years

Avg Family Size
3.17 people
Age Distribution
Stratford, CT

College Education or Above
33%

STEM College Graduates
41%
Education Distribution
Stratford, CT
Source: U.S. Census Bureau

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