Brownsburg is located in a good market for 5+ unit multifamily loans. Multifamily loans in Brownsburg are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Brownsburg are competitive. Brownsburg 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 Brownsburg.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Brownsburg 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 $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.70% - 6.94% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Brownsburg.
The city of Brownsburg in Hendricks County has a population of 27,001. The median rent in Hendricks County for a 2 bedroom is $1,007. The median Brownsburg resident is 36 years old with a yearly income of $35,436. The average family has 3.32 members and a median household income of $78,877. Brownsburg has a 39% higher education rate. The unemployment rate in Brownsburg is 3.0%.
26.8% of Brownsburg households are renters.
26.9% median household income spent on rent.
Bedrooms |
Hendricks County 1 |
Indiana 2 |
National 2 |
|---|---|---|---|
| Studio | $722 | $593 | $737 |
| 1 bedroom | $831 | $666 | $813 |
| 2 bedroom | $1,007 | $840 | $1,015 |
| 3 bedroom | $1,329 | $1,099 | $1,325 |
| 4 bedroom | $1,548 | $1,251 | $1,521 |
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