Halfmoon is located in a good market for 5+ unit multifamily loans. Multifamily loans in Halfmoon are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Halfmoon are competitive. Halfmoon 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 Halfmoon.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Halfmoon 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 Halfmoon.
The city of Halfmoon in Saratoga County has a population of 24,224. The median rent in Saratoga County for a 2 bedroom is $1,205. The median Halfmoon resident is 43 years old with a yearly income of $44,789. The average family has 2.86 members and a median household income of $87,169. Halfmoon has a 42% higher education rate. The unemployment rate in Halfmoon is 3.0%.
32.4% of Halfmoon households are renters.
23.5% median household income spent on rent.
Bedrooms |
Saratoga County 1 |
New York 2 |
National 2 |
|---|---|---|---|
| Studio | $873 | $909 | $737 |
| 1 bedroom | $984 | $990 | $813 |
| 2 bedroom | $1,205 | $1,202 | $1,015 |
| 3 bedroom | $1,499 | $1,537 | $1,325 |
| 4 bedroom | $1,634 | $1,692 | $1,521 |
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