King Of Prussia is located in a good market for 5+ unit multifamily loans. Multifamily loans in King Of Prussia are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in King Of Prussia are competitive. King Of Prussia 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 King Of Prussia.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in King Of Prussia 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 | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
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 | 5.93% - 6.08% |
| 7 Year Fixed | 5.99% - 6.14% |
| 10 Year Fixed | 5.99% - 6.14% |
All major multifamily lender types are lending in King Of Prussia.
The city of King Of Prussia in Montgomery County has a population of 21,313. The median rent in Montgomery County for a 2 bedroom is $1,358. The median King Of Prussia resident is 38 years old with a yearly income of $48,973. The average family has 2.96 members and a median household income of $90,136. King Of Prussia has a 60% higher education rate. The unemployment rate in King Of Prussia is 3.7%.
43.5% of King Of Prussia households are renters.
22.3% median household income spent on rent.
Bedrooms |
Montgomery County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $970 | $680 | $737 |
| 1 bedroom | $1,121 | $747 | $813 |
| 2 bedroom | $1,358 | $929 | $1,015 |
| 3 bedroom | $1,689 | $1,198 | $1,325 |
| 4 bedroom | $1,935 | $1,330 | $1,521 |
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