Loading...

Multifamily Loans in
Altamonte Springs, FL

Overview

Altamonte Springs is located in a good market for 5+ unit multifamily loans. Multifamily loans in Altamonte Springs are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Altamonte Springs are competitive. Altamonte Springs 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 Altamonte Springs.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Altamonte Springs, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Altamonte Springs 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 $7.5M
5 Year Fixed 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Altamonte Springs 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 03, 2021


Multifamily Lenders in Altamonte Springs, FL

All major multifamily lender types are lending in Altamonte Springs.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 03, 2021


Altamonte Springs Market

The city of Altamonte Springs in Seminole County has a population of 44,143. The median rent in Seminole County for a 2 bedroom is $1,422. The median Altamonte Springs resident is 36 years old with a yearly income of $31,451. The average family has 3.03 members and a median household income of $52,888. Altamonte Springs has a 39% higher education rate. The unemployment rate in Altamonte Springs is 5.3%.


Population
44,143 people

County
Seminole County

Renters

61.1% of Altamonte Springs households are renters.


Rent Burden

29.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Seminole County 1
Florida 2
National 2
Studio $1,135 $822 $737
1 bedroom $1,227 $891 $813
2 bedroom $1,422 $1,089 $1,015
3 bedroom $1,844 $1,448 $1,325
4 bedroom $2,215 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Altamonte Springs Demographics


Median Individual Income
$31,451 / year

Median Household Income
$52,888 / year

Families w/ Dual Incomes
51%

Unemployment Rate
5.3%
Household Income Distribution
Altamonte Springs, FL

Median Age
36 years

Avg Family Size
3.03 people
Age Distribution
Altamonte Springs, FL

College Education or Above
39%

STEM College Graduates
42%
Education Distribution
Altamonte Springs, FL
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day