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Multifamily Loans in
West Windsor, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in West Windsor, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in West Windsor 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 3.10% - 3.35%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in West Windsor 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 02, 2021


Multifamily Lenders in West Windsor, NJ

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


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 Dec 02, 2021


West Windsor Market

The city of West Windsor in Mercer County has a population of 27,937. The median rent in Mercer County for a 2 bedroom is $1,683. The median West Windsor resident is 41 years old with a yearly income of $77,309. The average family has 3.11 members and a median household income of $169,312. West Windsor has a 83% higher education rate. The unemployment rate in West Windsor is 5.1%.


Population
27,937 people

County
Mercer County

Renters

29.7% of West Windsor households are renters.


Rent Burden

27.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Mercer County 1
New Jersey 2
National 2
Studio $1,110 $1,166 $737
1 bedroom $1,280 $1,353 $813
2 bedroom $1,683 $1,671 $1,015
3 bedroom $2,093 $2,131 $1,325
4 bedroom $2,304 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

West Windsor Demographics


Median Individual Income
$77,309 / year

Median Household Income
$169,312 / year

Families w/ Dual Incomes
60%

Unemployment Rate
5.1%
Household Income Distribution
West Windsor, NJ

Median Age
41 years

Avg Family Size
3.11 people
Age Distribution
West Windsor, NJ

College Education or Above
83%

STEM College Graduates
66%
Education Distribution
West Windsor, NJ
Source: U.S. Census Bureau

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