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.
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 | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.99% - 7.23% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Fort Mill.
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%.
23.7% of Fort Mill households are renters.
28.4% median household income spent on rent.
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 |
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