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Multifamily Loans in
Ensley, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Ensley, FL

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

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


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


Ensley Market

The city of Ensley in Escambia County has a population of 22,194. The median rent in Escambia County for a 2 bedroom is $1,059. The median Ensley resident is 41 years old with a yearly income of $26,448. The average family has 3.05 members and a median household income of $45,245. Ensley has a 22% higher education rate. The unemployment rate in Ensley is 6.5%.


Population
22,194 people

County
Escambia County

Renters

39.3% of Ensley households are renters.


Rent Burden

30.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Escambia County 1
Florida 2
National 2
Studio $833 $822 $737
1 bedroom $901 $891 $813
2 bedroom $1,059 $1,089 $1,015
3 bedroom $1,486 $1,448 $1,325
4 bedroom $1,834 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ensley Demographics


Median Individual Income
$26,448 / year

Median Household Income
$45,245 / year

Families w/ Dual Incomes
42%

Unemployment Rate
6.5%
Household Income Distribution
Ensley, FL

Median Age
41 years

Avg Family Size
3.05 people
Age Distribution
Ensley, FL

College Education or Above
22%

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

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