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Multifamily Loans in
Whitehall, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Whitehall, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Whitehall 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Whitehall 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 08, 2021


Multifamily Lenders in Whitehall, PA

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


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 08, 2021


Whitehall Market

The city of Whitehall in Lehigh County has a population of 27,567. The median rent in Lehigh County for a 2 bedroom is $1,230. The median Whitehall resident is 40 years old with a yearly income of $34,441. The average family has 3 members and a median household income of $63,707. Whitehall has a 26% higher education rate. The unemployment rate in Whitehall is 4.7%.


Population
27,567 people

County
Lehigh County

Renters

38.3% of Whitehall households are renters.


Rent Burden

29.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lehigh County 1
Pennsylvania 2
National 2
Studio $851 $680 $737
1 bedroom $962 $747 $813
2 bedroom $1,230 $929 $1,015
3 bedroom $1,591 $1,198 $1,325
4 bedroom $1,668 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Whitehall Demographics


Median Individual Income
$34,441 / year

Median Household Income
$63,707 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.7%
Household Income Distribution
Whitehall, PA

Median Age
40 years

Avg Family Size
3 people
Age Distribution
Whitehall, PA

College Education or Above
26%

STEM College Graduates
43%
Education Distribution
Whitehall, PA
Source: U.S. Census Bureau

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