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Multifamily Loans in
Warwick, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Warwick, NY

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

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


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


Warwick Market

The city of Warwick in Orange County has a population of 31,217. The median rent in Orange County for a 2 bedroom is $1,575. The median Warwick resident is 46 years old with a yearly income of $42,470. The average family has 3.24 members and a median household income of $98,730. Warwick has a 38% higher education rate. The unemployment rate in Warwick is 3.7%.


Population
31,217 people

County
Orange County

Renters

23.8% of Warwick households are renters.


Rent Burden

30.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Orange 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

Warwick Demographics


Median Individual Income
$42,470 / year

Median Household Income
$98,730 / year

Families w/ Dual Incomes
58%

Unemployment Rate
3.7%
Household Income Distribution
Warwick, NY

Median Age
46 years

Avg Family Size
3.24 people
Age Distribution
Warwick, NY

College Education or Above
38%

STEM College Graduates
44%
Education Distribution
Warwick, NY
Source: U.S. Census Bureau

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