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Multifamily Loans in
Swatara, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Swatara, PA

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

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


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


Swatara Market

The city of Swatara in Dauphin County has a population of 24,792. The median rent in Dauphin County for a 2 bedroom is $1,042. The median Swatara resident is 39 years old with a yearly income of $31,505. The average family has 3.14 members and a median household income of $61,758. Swatara has a 26% higher education rate. The unemployment rate in Swatara is 5.5%.


Population
24,792 people

County
Dauphin County

Renters

36.3% of Swatara households are renters.


Rent Burden

29.1% 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

Swatara Demographics


Median Individual Income
$31,505 / year

Median Household Income
$61,758 / year

Families w/ Dual Incomes
58%

Unemployment Rate
5.5%
Household Income Distribution
Swatara, PA

Median Age
39 years

Avg Family Size
3.14 people
Age Distribution
Swatara, PA

College Education or Above
26%

STEM College Graduates
48%
Education Distribution
Swatara, PA
Source: U.S. Census Bureau

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