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Multifamily Loans in
Waterbury, CT

Overview

Waterbury is located in a good market for 5+ unit multifamily loans. Multifamily loans in Waterbury are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Waterbury are competitive. Waterbury 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 Waterbury.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Waterbury, CT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Waterbury 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Waterbury 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 Waterbury, CT

All major multifamily lender types are lending in Waterbury.


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


Waterbury Market

The city of Waterbury in New Haven County has a population of 107,568. The median rent in New Haven County for a 2 bedroom is $1,546. The median Waterbury resident is 35 years old with a yearly income of $25,589. The average family has 3.35 members and a median household income of $42,401. Waterbury has a 16% higher education rate. The unemployment rate in Waterbury is 9.6%.


Population
107,568 people

County
New Haven County

Renters

58.6% of Waterbury households are renters.


Rent Burden

39.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
New Haven County 1
Connecticut 2
National 2
Studio $1,020 $974 $737
1 bedroom $1,279 $1,155 $813
2 bedroom $1,546 $1,442 $1,015
3 bedroom $1,923 $1,820 $1,325
4 bedroom $2,526 $2,144 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Waterbury Demographics


Median Individual Income
$25,589 / year

Median Household Income
$42,401 / year

Families w/ Dual Incomes
43%

Unemployment Rate
9.6%
Household Income Distribution
Waterbury, CT

Median Age
35 years

Avg Family Size
3.35 people
Age Distribution
Waterbury, CT

College Education or Above
16%

STEM College Graduates
40%
Education Distribution
Waterbury, CT
Source: U.S. Census Bureau

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