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Multifamily Loans in
Deland, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Deland, FL

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

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


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


Deland Market

The city of Deland in Volusia County has a population of 34,851. The median rent in Volusia County for a 2 bedroom is $1,110. The median Deland resident is 42 years old with a yearly income of $26,736. The average family has 3.11 members and a median household income of $47,925. Deland has a 29% higher education rate. The unemployment rate in Deland is 6.0%.


Population
34,851 people

County
Volusia County

Renters

43.2% of Deland households are renters.


Rent Burden

42.4% 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

Deland Demographics


Median Individual Income
$26,736 / year

Median Household Income
$47,925 / year

Families w/ Dual Incomes
44%

Unemployment Rate
6.0%
Household Income Distribution
Deland, FL

Median Age
42 years

Avg Family Size
3.11 people
Age Distribution
Deland, FL

College Education or Above
29%

STEM College Graduates
44%
Education Distribution
Deland, FL
Source: U.S. Census Bureau

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