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Multifamily Loans in
Debary, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Debary, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Debary 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 Debary 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 Debary, FL

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


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


Debary Market

The city of Debary in Volusia County has a population of 21,305. The median rent in Volusia County for a 2 bedroom is $1,110. The median Debary resident is 49 years old with a yearly income of $32,934. The average family has 2.97 members and a median household income of $65,316. Debary has a 28% higher education rate. The unemployment rate in Debary is 2.6%.


Population
21,305 people

County
Volusia County

Renters

19.2% of Debary households are renters.


Rent Burden

27.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Volusia County 1
Florida 2
National 2
Studio $732 $822 $737
1 bedroom $905 $891 $813
2 bedroom $1,110 $1,089 $1,015
3 bedroom $1,486 $1,448 $1,325
4 bedroom $1,624 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Debary Demographics


Median Individual Income
$32,934 / year

Median Household Income
$65,316 / year

Families w/ Dual Incomes
47%

Unemployment Rate
2.6%
Household Income Distribution
Debary, FL

Median Age
49 years

Avg Family Size
2.97 people
Age Distribution
Debary, FL

College Education or Above
28%

STEM College Graduates
42%
Education Distribution
Debary, FL
Source: U.S. Census Bureau

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