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Multifamily Loans in
Goldsboro, NC

Overview

Goldsboro is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Goldsboro are considered greater risk due to market dynamics. Interest rates for multifamily loans in Goldsboro are higher than the national average. Goldsboro apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Goldsboro.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Goldsboro, NC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Goldsboro 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 3.68% - 3.92%
7 Year Fixed 3.57% - 3.81%
10 Year Fixed 3.68% - 3.92%
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 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Goldsboro 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 02, 2021


Multifamily Lenders in Goldsboro, NC

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


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 02, 2021


Goldsboro Market

The city of Goldsboro in Wayne County has a population of 34,186. The median rent in Wayne County for a 2 bedroom is $885. The median Goldsboro resident is 36 years old with a yearly income of $20,952. The average family has 2.98 members and a median household income of $34,083. Goldsboro has a 20% higher education rate. The unemployment rate in Goldsboro is 12.5%.


Population
34,186 people

County
Wayne County

Renters

62.7% of Goldsboro households are renters.


Rent Burden

37% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Wayne County 1
North Carolina 2
National 2
Studio $667 $694 $737
1 bedroom $672 $713 $813
2 bedroom $885 $871 $1,015
3 bedroom $1,101 $1,152 $1,325
4 bedroom $1,493 $1,386 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Goldsboro Demographics


Median Individual Income
$20,952 / year

Median Household Income
$34,083 / year

Families w/ Dual Incomes
38%

Unemployment Rate
12.5%
Household Income Distribution
Goldsboro, NC

Median Age
36 years

Avg Family Size
2.98 people
Age Distribution
Goldsboro, NC

College Education or Above
20%

STEM College Graduates
35%
Education Distribution
Goldsboro, NC
Source: U.S. Census Bureau

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