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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Trumbull 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 $7.5M |
|---|---|
| 5 Year Fixed | 6.97% - 7.21% |
| 7 Year Fixed | 6.93% - 7.17% |
| 10 Year Fixed | 6.84% - 7.08% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Trumbull.
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%.
13.6% of Trumbull households are renters.
42% median household income spent on rent.
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 |
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