Williamsport is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Williamsport are considered greater risk due to market dynamics. Interest rates for multifamily loans in Williamsport are higher than the national average. Williamsport apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Williamsport.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Williamsport 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 | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.33% - 5.57% |
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 | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Williamsport.
The city of Williamsport in Lycoming County has a population of 28,186. The median rent in Lycoming County for a 2 bedroom is $917. The median Williamsport resident is 33 years old with a yearly income of $20,150. The average family has 2.85 members and a median household income of $39,990. Williamsport has a 24% higher education rate. The unemployment rate in Williamsport is 6.1%.
53.6% of Williamsport households are renters.
34.7% median household income spent on rent.
Bedrooms |
Lycoming County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $726 | $680 | $737 |
| 1 bedroom | $731 | $747 | $813 |
| 2 bedroom | $917 | $929 | $1,015 |
| 3 bedroom | $1,213 | $1,198 | $1,325 |
| 4 bedroom | $1,244 | $1,330 | $1,521 |
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