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Multifamily Loans in
Albertville, AL

Overview

Albertville is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Albertville are considered greater risk due to market dynamics. Interest rates for multifamily loans in Albertville are higher than the national average. Albertville 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 Albertville.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Albertville, AL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Albertville are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.68% - 3.92%
7 Year Fixed 3.57% - 3.81%
10 Year Fixed 3.68% - 3.92%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Albertville may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Lenders in Albertville, AL

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Albertville.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 04, 2021


Albertville Market

The city of Albertville in Marshall County has a population of 21,711. The median rent in Marshall County for a 2 bedroom is $687. The median Albertville resident is 33 years old with a yearly income of $23,470. The average family has 3.54 members and a median household income of $45,867. Albertville has a 16% higher education rate. The unemployment rate in Albertville is 2.0%.


Population
21,711 people

County
Marshall County

Renters

37.8% of Albertville households are renters.


Rent Burden

28% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Marshall County 1
Alabama 2
National 2
Studio $524 $580 $737
1 bedroom $527 $626 $813
2 bedroom $687 $767 $1,015
3 bedroom $916 $1,004 $1,325
4 bedroom $932 $1,157 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Albertville Demographics


Median Individual Income
$23,470 / year

Median Household Income
$45,867 / year

Families w/ Dual Incomes
49%

Unemployment Rate
2.0%
Household Income Distribution
Albertville, AL

Median Age
33 years

Avg Family Size
3.54 people
Age Distribution
Albertville, AL

College Education or Above
16%

STEM College Graduates
31%
Education Distribution
Albertville, AL
Source: U.S. Census Bureau

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