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Multifamily Loans in
Clermont, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Clermont, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Clermont 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
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 Clermont 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 Clermont, FL

All major multifamily lender types are lending in Clermont.


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


Clermont Market

The city of Clermont in Lake County has a population of 38,654. The median rent in Lake County for a 2 bedroom is $1,422. The median Clermont resident is 45 years old with a yearly income of $30,786. The average family has 3.13 members and a median household income of $64,736. Clermont has a 34% higher education rate. The unemployment rate in Clermont is 2.6%.


Population
38,654 people

County
Lake County

Renters

28.5% of Clermont households are renters.


Rent Burden

37.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lake County 1
Florida 2
National 2
Studio $1,135 $822 $737
1 bedroom $1,227 $891 $813
2 bedroom $1,422 $1,089 $1,015
3 bedroom $1,844 $1,448 $1,325
4 bedroom $2,215 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Clermont Demographics


Median Individual Income
$30,786 / year

Median Household Income
$64,736 / year

Families w/ Dual Incomes
52%

Unemployment Rate
2.6%
Household Income Distribution
Clermont, FL

Median Age
45 years

Avg Family Size
3.13 people
Age Distribution
Clermont, FL

College Education or Above
34%

STEM College Graduates
38%
Education Distribution
Clermont, FL
Source: U.S. Census Bureau

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