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Multifamily Loans in
Anniston, AL

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Anniston, AL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Anniston 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 Anniston 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 Anniston, AL

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


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


Anniston Market

The city of Anniston in Calhoun County has a population of 21,287. The median rent in Calhoun County for a 2 bedroom is $764. The median Anniston resident is 41 years old with a yearly income of $21,116. The average family has 2.87 members and a median household income of $36,051. Anniston has a 21% higher education rate. The unemployment rate in Anniston is 10.1%.


Population
21,287 people

County
Calhoun County

Renters

42.7% of Anniston households are renters.


Rent Burden

36% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Calhoun County 1
Alabama 2
National 2
Studio $510 $580 $737
1 bedroom $580 $626 $813
2 bedroom $764 $767 $1,015
3 bedroom $998 $1,004 $1,325
4 bedroom $1,156 $1,157 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Anniston Demographics


Median Individual Income
$21,116 / year

Median Household Income
$36,051 / year

Families w/ Dual Incomes
29%

Unemployment Rate
10.1%
Household Income Distribution
Anniston, AL

Median Age
41 years

Avg Family Size
2.87 people
Age Distribution
Anniston, AL

College Education or Above
21%

STEM College Graduates
41%
Education Distribution
Anniston, AL
Source: U.S. Census Bureau

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