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Multifamily Loans in
Bluffton, SC

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Bluffton, SC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bluffton 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 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Bluffton 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 08, 2021


Multifamily Lenders in Bluffton, SC

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


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 08, 2021


Bluffton Market

The city of Bluffton in Beaufort County has a population of 25,557. The median rent in Beaufort County for a 2 bedroom is $1,292. The median Bluffton resident is 38 years old with a yearly income of $37,379. The average family has 3.18 members and a median household income of $82,481. Bluffton has a 46% higher education rate. The unemployment rate in Bluffton is 1.4%.


Population
25,557 people

County
Beaufort County

Renters

20% of Bluffton households are renters.


Rent Burden

28.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Beaufort County 1
South Carolina 2
National 2
Studio $1,108 $697 $737
1 bedroom $1,133 $732 $813
2 bedroom $1,292 $879 $1,015
3 bedroom $1,679 $1,158 $1,325
4 bedroom $2,237 $1,369 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bluffton Demographics


Median Individual Income
$37,379 / year

Median Household Income
$82,481 / year

Families w/ Dual Incomes
54%

Unemployment Rate
1.4%
Household Income Distribution
Bluffton, SC

Median Age
38 years

Avg Family Size
3.18 people
Age Distribution
Bluffton, SC

College Education or Above
46%

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

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