Stafford is located in a good market for 5+ unit multifamily loans. Multifamily loans in Stafford are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Stafford are competitive. Stafford 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 Stafford.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Stafford are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.23% - 6.97% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.21% - 6.61% |
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 | 6.03% - 6.77% |
| 7 Year Fixed | 6.00% - 6.51% |
| 10 Year Fixed | 6.01% - 6.41% |
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 Stafford.
The city of Stafford in Ocean County has a population of 27,347. The median rent in Ocean County for a 2 bedroom is $1,771. The median Stafford resident is 45 years old with a yearly income of $37,159. The average family has 3.09 members and a median household income of $81,548. Stafford has a 34% higher education rate. The unemployment rate in Stafford is 4.7%.
16.4% of Stafford households are renters.
44.2% median household income spent on rent.
Bedrooms |
Ocean County 1 |
New Jersey 2 |
National 2 |
|---|---|---|---|
| Studio | $1,207 | $1,166 | $737 |
| 1 bedroom | $1,384 | $1,353 | $813 |
| 2 bedroom | $1,771 | $1,671 | $1,015 |
| 3 bedroom | $2,441 | $2,131 | $1,325 |
| 4 bedroom | $2,706 | $2,445 | $1,521 |
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