Loading...

Multifamily Loans in
Clemmons, NC

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Clemmons, NC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Clemmons 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 3.10% - 3.35%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Clemmons 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 02, 2021


Multifamily Lenders in Clemmons, NC

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


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 02, 2021


Clemmons Market

The city of Clemmons in Forsyth County has a population of 20,867. The median rent in Forsyth County for a 2 bedroom is $877. The median Clemmons resident is 41 years old with a yearly income of $37,425. The average family has 3.21 members and a median household income of $70,659. Clemmons has a 49% higher education rate. The unemployment rate in Clemmons is 4.0%.


Population
20,867 people

County
Forsyth County

Renters

26.2% of Clemmons households are renters.


Rent Burden

25.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Forsyth County 1
North Carolina 2
National 2
Studio $663 $694 $737
1 bedroom $712 $713 $813
2 bedroom $877 $871 $1,015
3 bedroom $1,181 $1,152 $1,325
4 bedroom $1,406 $1,386 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Clemmons Demographics


Median Individual Income
$37,425 / year

Median Household Income
$70,659 / year

Families w/ Dual Incomes
51%

Unemployment Rate
4.0%
Household Income Distribution
Clemmons, NC

Median Age
41 years

Avg Family Size
3.21 people
Age Distribution
Clemmons, NC

College Education or Above
49%

STEM College Graduates
46%
Education Distribution
Clemmons, NC
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