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.
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 | 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 | 6.99% - 7.23% |
| 7 Year Fixed | 6.68% - 6.92% |
| 10 Year Fixed | 6.64% - 6.88% |
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 | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in West Hartford.
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%.
29% of West Hartford households are renters.
28.1% median household income spent on rent.
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 |
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