Irondequoit is located in a good market for 5+ unit multifamily loans. Multifamily loans in Irondequoit are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Irondequoit are competitive. Irondequoit 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 Irondequoit.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Irondequoit 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 Irondequoit.
The city of Irondequoit in Monroe County has a population of 50,302. The median rent in Monroe County for a 2 bedroom is $1,070. The median Irondequoit resident is 45 years old with a yearly income of $35,502. The average family has 2.87 members and a median household income of $62,225. Irondequoit has a 37% higher education rate. The unemployment rate in Irondequoit is 4.3%.
21.9% of Irondequoit households are renters.
34.3% median household income spent on rent.
Bedrooms |
Monroe County 1 |
New York 2 |
National 2 |
|---|---|---|---|
| Studio | $742 | $909 | $737 |
| 1 bedroom | $856 | $990 | $813 |
| 2 bedroom | $1,070 | $1,202 | $1,015 |
| 3 bedroom | $1,331 | $1,537 | $1,325 |
| 4 bedroom | $1,451 | $1,692 | $1,521 |
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