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Multifamily Loans in
Greenville, MS

Overview

Greenville is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Greenville are considered greater risk due to market dynamics. Interest rates for multifamily loans in Greenville are higher than the national average. Greenville 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 Greenville.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Greenville, MS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Greenville 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 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Greenville 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 08, 2021


Multifamily Lenders in Greenville, MS

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


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 08, 2021


Greenville Market

The city of Greenville in Washington County has a population of 29,085. The median rent in Washington County for a 2 bedroom is $738. The median Greenville resident is 37 years old with a yearly income of $17,812. The average family has 3.28 members and a median household income of $27,025. Greenville has a 19% higher education rate. The unemployment rate in Greenville is 14.1%.


Population
29,085 people

County
Washington County

Renters

50.7% of Greenville households are renters.


Rent Burden

40.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Washington County 1
Mississippi 2
National 2
Studio $570 $573 $737
1 bedroom $609 $612 $813
2 bedroom $738 $754 $1,015
3 bedroom $959 $975 $1,325
4 bedroom $1,105 $1,111 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Greenville Demographics


Median Individual Income
$17,812 / year

Median Household Income
$27,025 / year

Families w/ Dual Incomes
34%

Unemployment Rate
14.1%
Household Income Distribution
Greenville, MS

Median Age
37 years

Avg Family Size
3.28 people
Age Distribution
Greenville, MS

College Education or Above
19%

STEM College Graduates
34%
Education Distribution
Greenville, MS
Source: U.S. Census Bureau

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