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Multifamily Loans in
Susquehanna, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Susquehanna, PA

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

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


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


Susquehanna Market

The city of Susquehanna in Dauphin County has a population of 24,954. The median rent in Dauphin County for a 2 bedroom is $1,042. The median Susquehanna resident is 42 years old with a yearly income of $36,116. The average family has 3.09 members and a median household income of $68,674. Susquehanna has a 37% higher education rate. The unemployment rate in Susquehanna is 4.8%.


Population
24,954 people

County
Dauphin County

Renters

36.5% of Susquehanna households are renters.


Rent Burden

29.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dauphin County 1
Pennsylvania 2
National 2
Studio $694 $680 $737
1 bedroom $824 $747 $813
2 bedroom $1,042 $929 $1,015
3 bedroom $1,324 $1,198 $1,325
4 bedroom $1,413 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Susquehanna Demographics


Median Individual Income
$36,116 / year

Median Household Income
$68,674 / year

Families w/ Dual Incomes
54%

Unemployment Rate
4.8%
Household Income Distribution
Susquehanna, PA

Median Age
42 years

Avg Family Size
3.09 people
Age Distribution
Susquehanna, PA

College Education or Above
37%

STEM College Graduates
49%
Education Distribution
Susquehanna, PA
Source: U.S. Census Bureau

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