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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Crestview 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 $6M |
|---|---|
| 5 Year Fixed | 7.18% - 7.42% |
| 7 Year Fixed | 6.82% - 7.06% |
| 10 Year Fixed | 6.73% - 6.97% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Crestview.
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%.
49.7% of Crestview households are renters.
32.7% median household income spent on rent.
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 |
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