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Multifamily Loans in
York, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in York, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in York 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 York 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 York, PA

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


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


York Market

The city of York in York County has a population of 43,932. The median rent in York County for a 2 bedroom is $1,030. The median York resident is 32 years old with a yearly income of $19,978. The average family has 3.32 members and a median household income of $33,906. York has a 12% higher education rate. The unemployment rate in York is 11.4%.


Population
43,932 people

County
York County

Renters

62% of York households are renters.


Rent Burden

38.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
York County 1
Pennsylvania 2
National 2
Studio $680 $680 $737
1 bedroom $782 $747 $813
2 bedroom $1,030 $929 $1,015
3 bedroom $1,302 $1,198 $1,325
4 bedroom $1,429 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

York Demographics


Median Individual Income
$19,978 / year

Median Household Income
$33,906 / year

Families w/ Dual Incomes
40%

Unemployment Rate
11.4%
Household Income Distribution
York, PA

Median Age
32 years

Avg Family Size
3.32 people
Age Distribution
York, PA

College Education or Above
12%

STEM College Graduates
38%
Education Distribution
York, PA
Source: U.S. Census Bureau

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