Whitehall is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Whitehall are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Whitehall are slightly higher than the national average. Whitehall apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Whitehall.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Whitehall 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 $6M |
|---|---|
| 5 Year Fixed | 5.63% - 5.87% |
| 7 Year Fixed | 5.34% - 5.58% |
| 10 Year Fixed | 5.28% - 5.52% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Whitehall.
The city of Whitehall in Lehigh County has a population of 27,567. The median rent in Lehigh County for a 2 bedroom is $1,230. The median Whitehall resident is 40 years old with a yearly income of $34,441. The average family has 3 members and a median household income of $63,707. Whitehall has a 26% higher education rate. The unemployment rate in Whitehall is 4.7%.
38.3% of Whitehall households are renters.
29.8% median household income spent on rent.
Bedrooms |
Lehigh County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $851 | $680 | $737 |
| 1 bedroom | $962 | $747 | $813 |
| 2 bedroom | $1,230 | $929 | $1,015 |
| 3 bedroom | $1,591 | $1,198 | $1,325 |
| 4 bedroom | $1,668 | $1,330 | $1,521 |
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