Easton is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Easton are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Easton are slightly higher than the national average. Easton 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 Easton.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Easton 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 $6M |
|---|---|
| 5 Year Fixed | 5.63% - 5.87% |
| 7 Year Fixed | 5.34% - 5.58% |
| 10 Year Fixed | 5.28% - 5.52% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Easton.
The city of Easton in Northampton County has a population of 27,189. The median rent in Northampton County for a 2 bedroom is $1,230. The median Easton resident is 35 years old with a yearly income of $22,415. The average family has 3.21 members and a median household income of $51,698. Easton has a 22% higher education rate. The unemployment rate in Easton is 4.9%.
52.7% of Easton households are renters.
34.9% median household income spent on rent.
Bedrooms |
Northampton 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 |
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