Loading...

Multifamily Loans in
White Plains, NY

Overview

White Plains is located in a strong market for 5+ unit multifamily loans. Multifamily loans in White Plains are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in White Plains are some of the lowest nationally. White Plains 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 White Plains.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in White Plains, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in White Plains are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.01% - 3.26%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in White Plains 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 Nov 29, 2021


Multifamily Lenders in White Plains, NY

All major multifamily lender types are lending in White Plains.


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 Nov 29, 2021


White Plains Market

The city of White Plains in Westchester County has a population of 58,109. The median rent in Westchester County for a 2 bedroom is $2,116. The median White Plains resident is 40 years old with a yearly income of $41,289. The average family has 3.21 members and a median household income of $90,427. White Plains has a 50% higher education rate. The unemployment rate in White Plains is 5.1%.


Population
58,109 people

County
Westchester County

Renters

48.2% of White Plains households are renters.


Rent Burden

37.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Westchester County 1
New York 2
National 2
Studio $1,509 $909 $737
1 bedroom $1,763 $990 $813
2 bedroom $2,116 $1,202 $1,015
3 bedroom $2,705 $1,537 $1,325
4 bedroom $3,074 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

White Plains Demographics


Median Individual Income
$41,289 / year

Median Household Income
$90,427 / year

Families w/ Dual Incomes
59%

Unemployment Rate
5.1%
Household Income Distribution
White Plains, NY

Median Age
40 years

Avg Family Size
3.21 people
Age Distribution
White Plains, NY

College Education or Above
50%

STEM College Graduates
45%
Education Distribution
White Plains, NY
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