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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Swatara are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.28% - 7.52% |
| 7 Year Fixed | 6.89% - 7.13% |
| 10 Year Fixed | 6.88% - 7.12% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Swatara.
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%.
36.3% of Swatara households are renters.
29.1% median household income spent on rent.
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 |
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