Waterbury is located in a good market for 5+ unit multifamily loans. Multifamily loans in Waterbury are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Waterbury are competitive. Waterbury 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 Waterbury.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Waterbury 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 Waterbury.
The city of Waterbury in New Haven County has a population of 107,568. The median rent in New Haven County for a 2 bedroom is $1,546. The median Waterbury resident is 35 years old with a yearly income of $25,589. The average family has 3.35 members and a median household income of $42,401. Waterbury has a 16% higher education rate. The unemployment rate in Waterbury is 9.6%.
58.6% of Waterbury households are renters.
39.4% 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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