Loading...

Multifamily Loans in
West Haven, CT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in West Haven, CT

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

All major multifamily lender types are lending in West Haven.


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 Haven Market

The city of West Haven in New Haven County has a population of 54,620. The median rent in New Haven County for a 2 bedroom is $1,546. The median West Haven resident is 37 years old with a yearly income of $30,113. The average family has 3.3 members and a median household income of $62,985. West Haven has a 24% higher education rate. The unemployment rate in West Haven is 9.3%.


Population
54,620 people

County
New Haven County

Renters

45.4% of West Haven households are renters.


Rent Burden

36.1% 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

West Haven Demographics


Median Individual Income
$30,113 / year

Median Household Income
$62,985 / year

Families w/ Dual Incomes
57%

Unemployment Rate
9.3%
Household Income Distribution
West Haven, CT

Median Age
37 years

Avg Family Size
3.3 people
Age Distribution
West Haven, CT

College Education or Above
24%

STEM College Graduates
46%
Education Distribution
West Haven, CT
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