Fayetteville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Fayetteville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Fayetteville are slightly higher than the national average. Fayetteville 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 Fayetteville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fayetteville are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.53% - 6.77% |
| 7 Year Fixed | 6.32% - 6.56% |
| 10 Year Fixed | 6.28% - 6.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.74% - 5.84% |
| 7 Year Fixed | 5.79% - 5.89% |
| 10 Year Fixed | 5.77% - 5.87% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Fayetteville.
The city of Fayetteville in Cumberland County has a population of 211,657. The median rent in Cumberland County for a 2 bedroom is $935. The median Fayetteville resident is 30 years old with a yearly income of $26,188. The average family has 3.17 members and a median household income of $45,024. Fayetteville has a 27% higher education rate. The unemployment rate in Fayetteville is 9.1%.
55.8% of Fayetteville households are renters.
32.7% median household income spent on rent.
Bedrooms |
Cumberland County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $781 | $694 | $737 |
| 1 bedroom | $799 | $713 | $813 |
| 2 bedroom | $935 | $871 | $1,015 |
| 3 bedroom | $1,300 | $1,152 | $1,325 |
| 4 bedroom | $1,583 | $1,386 | $1,521 |
We're here to help.