Loading...

Multifamily Loans in
Deltona, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Deltona, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Deltona 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Deltona 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 03, 2021


Multifamily Lenders in Deltona, FL

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


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 03, 2021


Deltona Market

The city of Deltona in Volusia County has a population of 92,757. The median rent in Volusia County for a 2 bedroom is $1,110. The median Deltona resident is 38 years old with a yearly income of $26,038. The average family has 3.4 members and a median household income of $52,616. Deltona has a 16% higher education rate. The unemployment rate in Deltona is 5.2%.


Population
92,757 people

County
Volusia County

Renters

23% of Deltona households are renters.


Rent Burden

33% 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

Deltona Demographics


Median Individual Income
$26,038 / year

Median Household Income
$52,616 / year

Families w/ Dual Incomes
45%

Unemployment Rate
5.2%
Household Income Distribution
Deltona, FL

Median Age
38 years

Avg Family Size
3.4 people
Age Distribution
Deltona, FL

College Education or Above
16%

STEM College Graduates
40%
Education Distribution
Deltona, FL
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day