Goose Creek is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Goose Creek are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Goose Creek are slightly higher than the national average. Goose Creek 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 Goose Creek.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Goose Creek 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 $6M |
|---|---|
| 5 Year Fixed | 7.18% - 7.42% |
| 7 Year Fixed | 6.82% - 7.06% |
| 10 Year Fixed | 6.73% - 6.97% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Goose Creek.
The city of Goose Creek in Berkeley County has a population of 43,665. The median rent in Berkeley County for a 2 bedroom is $1,317. The median Goose Creek resident is 32 years old with a yearly income of $31,129. The average family has 3.27 members and a median household income of $68,893. Goose Creek has a 27% higher education rate. The unemployment rate in Goose Creek is 4.9%.
29.4% of Goose Creek households are renters.
32.3% median household income spent on rent.
Bedrooms |
Berkeley County 1 |
South Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $1,091 | $697 | $737 |
| 1 bedroom | $1,155 | $732 | $813 |
| 2 bedroom | $1,317 | $879 | $1,015 |
| 3 bedroom | $1,685 | $1,158 | $1,325 |
| 4 bedroom | $2,194 | $1,369 | $1,521 |
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