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Multifamily Loans in
Trumbull, CT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Trumbull, CT

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

All major multifamily lender types are lending in Trumbull.


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


Trumbull Market

The city of Trumbull in Fairfield County has a population of 35,976. The median rent in Fairfield County for a 2 bedroom is $1,557. The median Trumbull resident is 43 years old with a yearly income of $50,189. The average family has 3.34 members and a median household income of $122,451. Trumbull has a 55% higher education rate. The unemployment rate in Trumbull is 5.9%.


Population
35,976 people

County
Fairfield County

Renters

13.6% of Trumbull households are renters.


Rent Burden

42% 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

Trumbull Demographics


Median Individual Income
$50,189 / year

Median Household Income
$122,451 / year

Families w/ Dual Incomes
66%

Unemployment Rate
5.9%
Household Income Distribution
Trumbull, CT

Median Age
43 years

Avg Family Size
3.34 people
Age Distribution
Trumbull, CT

College Education or Above
55%

STEM College Graduates
44%
Education Distribution
Trumbull, CT
Source: U.S. Census Bureau

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