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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bluffton are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.23% - 7.47% |
| 7 Year Fixed | 6.92% - 7.16% |
| 10 Year Fixed | 6.83% - 7.07% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bluffton.
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%.
20% of Bluffton households are renters.
28.5% median household income spent on rent.
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 |
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