Yorktown is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Yorktown are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Yorktown are some of the lowest nationally. Yorktown 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 Yorktown.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Yorktown are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.74% - 7.48% |
| 7 Year Fixed | 6.70% - 7.21% |
| 10 Year Fixed | 6.71% - 7.11% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.97% - 7.21% |
| 7 Year Fixed | 6.93% - 7.17% |
| 10 Year Fixed | 6.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.54% - 7.28% |
| 7 Year Fixed | 6.50% - 7.01% |
| 10 Year Fixed | 6.51% - 6.91% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Yorktown.
The city of Yorktown in Westchester County has a population of 36,538. The median rent in Westchester County for a 2 bedroom is $2,116. The median Yorktown resident is 46 years old with a yearly income of $50,710. The average family has 3.27 members and a median household income of $127,763. Yorktown has a 52% higher education rate. The unemployment rate in Yorktown is 4.4%.
15.7% of Yorktown households are renters.
36.4% median household income spent on rent.
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 |
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