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Multifamily Loans in
Brandon, MS

Overview

Brandon is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Brandon are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Brandon are slightly higher than the national average. Brandon apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Brandon.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Brandon, MS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Brandon 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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 3.22% - 3.47%
7 Year Fixed 3.39% - 3.84%
10 Year Fixed 3.37% - 3.77%
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 Brandon 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 Brandon, MS

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


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


Brandon Market

The city of Brandon in Rankin County has a population of 24,289. The median rent in Rankin County for a 2 bedroom is $1,005. The median Brandon resident is 40 years old with a yearly income of $36,560. The average family has 3.06 members and a median household income of $78,573. Brandon has a 41% higher education rate. The unemployment rate in Brandon is 2.5%.


Population
24,289 people

County
Rankin County

Renters

20.1% of Brandon households are renters.


Rent Burden

24% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Rankin County 1
Mississippi 2
National 2
Studio $807 $573 $737
1 bedroom $856 $612 $813
2 bedroom $1,005 $754 $1,015
3 bedroom $1,253 $975 $1,325
4 bedroom $1,447 $1,111 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Brandon Demographics


Median Individual Income
$36,560 / year

Median Household Income
$78,573 / year

Families w/ Dual Incomes
56%

Unemployment Rate
2.5%
Household Income Distribution
Brandon, MS

Median Age
40 years

Avg Family Size
3.06 people
Age Distribution
Brandon, MS

College Education or Above
41%

STEM College Graduates
32%
Education Distribution
Brandon, MS
Source: U.S. Census Bureau

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