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Multifamily Loans in
Crestview, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Crestview, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Crestview 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Crestview 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 Crestview, FL

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


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


Crestview Market

The city of Crestview in Okaloosa County has a population of 25,274. The median rent in Okaloosa County for a 2 bedroom is $1,258. The median Crestview resident is 31 years old with a yearly income of $28,125. The average family has 3.34 members and a median household income of $54,972. Crestview has a 23% higher education rate. The unemployment rate in Crestview is 9.6%.


Population
25,274 people

County
Okaloosa County

Renters

49.7% of Crestview households are renters.


Rent Burden

32.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Okaloosa County 1
Florida 2
National 2
Studio $1,052 $822 $737
1 bedroom $1,058 $891 $813
2 bedroom $1,258 $1,089 $1,015
3 bedroom $1,679 $1,448 $1,325
4 bedroom $2,178 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Crestview Demographics


Median Individual Income
$28,125 / year

Median Household Income
$54,972 / year

Families w/ Dual Incomes
53%

Unemployment Rate
9.6%
Household Income Distribution
Crestview, FL

Median Age
31 years

Avg Family Size
3.34 people
Age Distribution
Crestview, FL

College Education or Above
23%

STEM College Graduates
36%
Education Distribution
Crestview, FL
Source: U.S. Census Bureau

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