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Multifamily Loans in
Anderson, IN

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Anderson, IN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Anderson 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 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
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 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Anderson 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 02, 2021


Multifamily Lenders in Anderson, IN

All major multifamily lender types are lending in Anderson.


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 02, 2021


Anderson Market

The city of Anderson in Madison County has a population of 54,765. The median rent in Madison County for a 2 bedroom is $853. The median Anderson resident is 38 years old with a yearly income of $21,844. The average family has 2.94 members and a median household income of $37,038. Anderson has a 16% higher education rate. The unemployment rate in Anderson is 7.8%.


Population
54,765 people

County
Madison County

Renters

43.1% of Anderson households are renters.


Rent Burden

36.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Madison County 1
Indiana 2
National 2
Studio $592 $593 $737
1 bedroom $656 $666 $813
2 bedroom $853 $840 $1,015
3 bedroom $1,102 $1,099 $1,325
4 bedroom $1,171 $1,251 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Anderson Demographics


Median Individual Income
$21,844 / year

Median Household Income
$37,038 / year

Families w/ Dual Incomes
38%

Unemployment Rate
7.8%
Household Income Distribution
Anderson, IN

Median Age
38 years

Avg Family Size
2.94 people
Age Distribution
Anderson, IN

College Education or Above
16%

STEM College Graduates
33%
Education Distribution
Anderson, IN
Source: U.S. Census Bureau

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