Drexel Hill is located in a good market for 5+ unit multifamily loans. Multifamily loans in Drexel Hill are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Drexel Hill are competitive. Drexel Hill 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 Drexel Hill.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Drexel Hill are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.44% - 5.68% |
| 7 Year Fixed | 5.23% - 5.47% |
| 10 Year Fixed | 5.14% - 5.38% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Drexel Hill.
The city of Drexel Hill in Delaware County has a population of 27,939. The median rent in Delaware County for a 2 bedroom is $1,358. The median Drexel Hill resident is 38 years old with a yearly income of $39,825. The average family has 3.23 members and a median household income of $71,326. Drexel Hill has a 42% higher education rate. The unemployment rate in Drexel Hill is 4.1%.
36.7% of Drexel Hill households are renters.
27.9% median household income spent on rent.
Bedrooms |
Delaware County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $970 | $680 | $737 |
| 1 bedroom | $1,121 | $747 | $813 |
| 2 bedroom | $1,358 | $929 | $1,015 |
| 3 bedroom | $1,689 | $1,198 | $1,325 |
| 4 bedroom | $1,935 | $1,330 | $1,521 |
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