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Multifamily Loans in
West Hartford, CT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in West Hartford, CT

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

All major multifamily lender types are lending in West Hartford.


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


West Hartford Market

The city of West Hartford in Hartford County has a population of 63,063. The median rent in Hartford County for a 2 bedroom is $1,437. The median West Hartford resident is 41 years old with a yearly income of $52,472. The average family has 3.13 members and a median household income of $104,281. West Hartford has a 65% higher education rate. The unemployment rate in West Hartford is 3.8%.


Population
63,063 people

County
Hartford County

Renters

29% of West Hartford households are renters.


Rent Burden

28.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hartford County 1
Connecticut 2
National 2
Studio $948 $974 $737
1 bedroom $1,164 $1,155 $813
2 bedroom $1,437 $1,442 $1,015
3 bedroom $1,787 $1,820 $1,325
4 bedroom $2,089 $2,144 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

West Hartford Demographics


Median Individual Income
$52,472 / year

Median Household Income
$104,281 / year

Families w/ Dual Incomes
62%

Unemployment Rate
3.8%
Household Income Distribution
West Hartford, CT

Median Age
41 years

Avg Family Size
3.13 people
Age Distribution
West Hartford, CT

College Education or Above
65%

STEM College Graduates
50%
Education Distribution
West Hartford, CT
Source: U.S. Census Bureau

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