East Haven is located in a good market for 5+ unit multifamily loans. Multifamily loans in East Haven are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in East Haven are competitive. East Haven 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 East Haven.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in East Haven 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 East Haven.
The city of East Haven in New Haven County has a population of 28,742. The median rent in New Haven County for a 2 bedroom is $1,546. The median East Haven resident is 43 years old with a yearly income of $34,763. The average family has 3.27 members and a median household income of $67,390. East Haven has a 24% higher education rate. The unemployment rate in East Haven is 6.5%.
27.3% of East Haven households are renters.
31.8% median household income spent on rent.
Bedrooms |
New Haven County 1 |
Connecticut 2 |
National 2 |
|---|---|---|---|
| Studio | $1,020 | $974 | $737 |
| 1 bedroom | $1,279 | $1,155 | $813 |
| 2 bedroom | $1,546 | $1,442 | $1,015 |
| 3 bedroom | $1,923 | $1,820 | $1,325 |
| 4 bedroom | $2,526 | $2,144 | $1,521 |
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