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Multifamily Loans in
Fredericksburg, VA

Overview

Fredericksburg is located in a good market for 5+ unit multifamily loans. Multifamily loans in Fredericksburg are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Fredericksburg are competitive. Fredericksburg 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 Fredericksburg.

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Fredericksburg, VA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fredericksburg 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 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Fredericksburg 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 05, 2021


Multifamily Lenders in Fredericksburg, VA

All major multifamily lender types are lending in Fredericksburg.


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 05, 2021


Fredericksburg Market

The city of Fredericksburg in Fredericksburg city has a population of 29,036. The median rent in Fredericksburg city for a 2 bedroom is $1,917. The median Fredericksburg resident is 30 years old with a yearly income of $32,193. The average family has 3.27 members and a median household income of $65,641. Fredericksburg has a 41% higher education rate. The unemployment rate in Fredericksburg is 4.8%.


Population
29,036 people

County
Fredericksburg city

Renters

64.5% of Fredericksburg households are renters.


Rent Burden

29.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Fredericksburg city 1
Virginia 2
National 2
Studio $1,643 $833 $737
1 bedroom $1,682 $897 $813
2 bedroom $1,917 $1,072 $1,015
3 bedroom $2,457 $1,423 $1,325
4 bedroom $2,978 $1,680 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Fredericksburg Demographics


Median Individual Income
$32,193 / year

Median Household Income
$65,641 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.8%
Household Income Distribution
Fredericksburg, VA

Median Age
30 years

Avg Family Size
3.27 people
Age Distribution
Fredericksburg, VA

College Education or Above
41%

STEM College Graduates
48%
Education Distribution
Fredericksburg, VA
Source: U.S. Census Bureau

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