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Multifamily Loans in
Anderson, SC

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 04, 2021


Multifamily Loan Rates in Anderson, SC

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 3.32% - 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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 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 04, 2021


Multifamily Lenders in Anderson, SC

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 04, 2021


Anderson Market

The city of Anderson in Anderson County has a population of 27,676. The median rent in Anderson County for a 2 bedroom is $891. The median Anderson resident is 37 years old with a yearly income of $22,017. The average family has 3.04 members and a median household income of $33,351. Anderson has a 24% higher education rate. The unemployment rate in Anderson is 6.4%.


Population
27,676 people

County
Anderson County

Renters

52.8% of Anderson households are renters.


Rent Burden

35.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Anderson County 1
South Carolina 2
National 2
Studio $657 $697 $737
1 bedroom $718 $732 $813
2 bedroom $891 $879 $1,015
3 bedroom $1,152 $1,158 $1,325
4 bedroom $1,501 $1,369 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Anderson Demographics


Median Individual Income
$22,017 / year

Median Household Income
$33,351 / year

Families w/ Dual Incomes
44%

Unemployment Rate
6.4%
Household Income Distribution
Anderson, SC

Median Age
37 years

Avg Family Size
3.04 people
Age Distribution
Anderson, SC

College Education or Above
24%

STEM College Graduates
35%
Education Distribution
Anderson, SC
Source: U.S. Census Bureau

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