Loading...

Multifamily Loans in
Wappinger, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Wappinger, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wappinger 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 3.11% - 3.36%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Wappinger 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 Nov 29, 2021


Multifamily Lenders in Wappinger, NY

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


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 Nov 29, 2021


Wappinger Market

The city of Wappinger in Dutchess County has a population of 26,660. The median rent in Dutchess County for a 2 bedroom is $1,575. The median Wappinger resident is 41 years old with a yearly income of $38,041. The average family has 3.06 members and a median household income of $82,428. Wappinger has a 32% higher education rate. The unemployment rate in Wappinger is 4.2%.


Population
26,660 people

County
Dutchess County

Renters

33.5% of Wappinger households are renters.


Rent Burden

32.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dutchess County 1
New York 2
National 2
Studio $1,169 $909 $737
1 bedroom $1,246 $990 $813
2 bedroom $1,575 $1,202 $1,015
3 bedroom $2,005 $1,537 $1,325
4 bedroom $2,251 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Wappinger Demographics


Median Individual Income
$38,041 / year

Median Household Income
$82,428 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.2%
Household Income Distribution
Wappinger, NY

Median Age
41 years

Avg Family Size
3.06 people
Age Distribution
Wappinger, NY

College Education or Above
32%

STEM College Graduates
46%
Education Distribution
Wappinger, NY
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day