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Multifamily Loans in
Fort Mill, SC

Overview

Fort Mill is located in a good market for 5+ unit multifamily loans. Multifamily loans in Fort Mill are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Fort Mill are competitive. Fort Mill apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Fort Mill.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Fort Mill, SC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fort Mill 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 $7.5M
5 Year Fixed 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Fort Mill 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 04, 2021


Multifamily Lenders in Fort Mill, SC

All major multifamily lender types are lending in Fort Mill.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


Fort Mill Market

The city of Fort Mill in York County has a population of 22,284. The median rent in York County for a 2 bedroom is $1,243. The median Fort Mill resident is 35 years old with a yearly income of $43,017. The average family has 3.24 members and a median household income of $91,061. Fort Mill has a 48% higher education rate. The unemployment rate in Fort Mill is 2.7%.


Population
22,284 people

County
York County

Renters

23.7% of Fort Mill households are renters.


Rent Burden

28.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
York County 1
South Carolina 2
National 2
Studio $1,066 $697 $737
1 bedroom $1,090 $732 $813
2 bedroom $1,243 $879 $1,015
3 bedroom $1,639 $1,158 $1,325
4 bedroom $2,112 $1,369 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Fort Mill Demographics


Median Individual Income
$43,017 / year

Median Household Income
$91,061 / year

Families w/ Dual Incomes
57%

Unemployment Rate
2.7%
Household Income Distribution
Fort Mill, SC

Median Age
35 years

Avg Family Size
3.24 people
Age Distribution
Fort Mill, SC

College Education or Above
48%

STEM College Graduates
35%
Education Distribution
Fort Mill, SC
Source: U.S. Census Bureau

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