Wallingford is located in a good market for 5+ unit multifamily loans. Multifamily loans in Wallingford are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Wallingford are competitive. Wallingford 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 Wallingford.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wallingford 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 Wallingford.
The city of Wallingford in New Haven County has a population of 44,596. The median rent in New Haven County for a 2 bedroom is $1,546. The median Wallingford resident is 47 years old with a yearly income of $44,246. The average family has 2.98 members and a median household income of $80,793. Wallingford has a 35% higher education rate. The unemployment rate in Wallingford is 3.5%.
27.8% of Wallingford households are renters.
26.1% 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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