Loading...

Multifamily Loans in
Chalmette, LA

Overview

Chalmette is located in a good market for 5+ unit multifamily loans. Multifamily loans in Chalmette are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Chalmette are competitive. Chalmette 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 Chalmette.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Chalmette, LA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Chalmette 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 $7.5M
5 Year Fixed 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
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 Chalmette 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 Chalmette, LA

All major multifamily lender types are lending in Chalmette.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 08, 2021


Chalmette Market

The city of Chalmette in St. Bernard Parish has a population of 23,851. The median rent in St. Bernard Parish for a 2 bedroom is $1,127. The median Chalmette resident is 33 years old with a yearly income of $24,060. The average family has 3.82 members and a median household income of $43,976. Chalmette has a 12% higher education rate. The unemployment rate in Chalmette is 10.9%.


Population
23,851 people

County
St. Bernard Parish

Renters

44% of Chalmette households are renters.


Rent Burden

37.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
St. Bernard Parish 1
Louisiana 2
National 2
Studio $813 $665 $737
1 bedroom $955 $729 $813
2 bedroom $1,127 $888 $1,015
3 bedroom $1,457 $1,160 $1,325
4 bedroom $1,681 $1,326 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Chalmette Demographics


Median Individual Income
$24,060 / year

Median Household Income
$43,976 / year

Families w/ Dual Incomes
43%

Unemployment Rate
10.9%
Household Income Distribution
Chalmette, LA

Median Age
33 years

Avg Family Size
3.82 people
Age Distribution
Chalmette, LA

College Education or Above
12%

STEM College Graduates
35%
Education Distribution
Chalmette, LA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day