Pottstown is located in a good market for 5+ unit multifamily loans. Multifamily loans in Pottstown are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Pottstown are competitive. Pottstown 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 Pottstown.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pottstown 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 Pottstown.
The city of Pottstown in Montgomery County has a population of 22,600. The median rent in Montgomery County for a 2 bedroom is $1,358. The median Pottstown resident is 36 years old with a yearly income of $26,953. The average family has 3.13 members and a median household income of $50,331. Pottstown has a 20% higher education rate. The unemployment rate in Pottstown is 6.5%.
50.7% of Pottstown households are renters.
35.3% 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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