Hamden is located in a good market for 5+ unit multifamily loans. Multifamily loans in Hamden are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Hamden are competitive. Hamden 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 Hamden.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hamden 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 Hamden.
The city of Hamden in New Haven County has a population of 60,982. The median rent in New Haven County for a 2 bedroom is $1,546. The median Hamden resident is 37 years old with a yearly income of $36,027. The average family has 3.15 members and a median household income of $77,274. Hamden has a 46% higher education rate. The unemployment rate in Hamden is 5.4%.
36.1% of Hamden households are renters.
33.1% 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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