North Haven is located in a good market for 5+ unit multifamily loans. Multifamily loans in North Haven are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in North Haven are competitive. North Haven 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 North Haven.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in North Haven 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 North Haven.
The city of North Haven in New Haven County has a population of 23,722. The median rent in New Haven County for a 2 bedroom is $1,546. The median North Haven resident is 47 years old with a yearly income of $45,076. The average family has 3.07 members and a median household income of $96,598. North Haven has a 43% higher education rate. The unemployment rate in North Haven is 5.0%.
18.3% of North Haven households are renters.
38.8% 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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