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Multifamily Loans in
Gulfport, MS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Gulfport, MS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gulfport 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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 3.22% - 3.47%
7 Year Fixed 3.39% - 3.84%
10 Year Fixed 3.37% - 3.77%
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 Gulfport 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 Gulfport, MS

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


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


Gulfport Market

The city of Gulfport in Harrison County has a population of 71,705. The median rent in Harrison County for a 2 bedroom is $855. The median Gulfport resident is 35 years old with a yearly income of $23,717. The average family has 3.11 members and a median household income of $39,171. Gulfport has a 22% higher education rate. The unemployment rate in Gulfport is 11.6%.


Population
71,705 people

County
Harrison County

Renters

50% of Gulfport households are renters.


Rent Burden

40.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Harrison County 1
Mississippi 2
National 2
Studio $680 $573 $737
1 bedroom $740 $612 $813
2 bedroom $855 $754 $1,015
3 bedroom $1,192 $975 $1,325
4 bedroom $1,356 $1,111 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Gulfport Demographics


Median Individual Income
$23,717 / year

Median Household Income
$39,171 / year

Families w/ Dual Incomes
41%

Unemployment Rate
11.6%
Household Income Distribution
Gulfport, MS

Median Age
35 years

Avg Family Size
3.11 people
Age Distribution
Gulfport, MS

College Education or Above
22%

STEM College Graduates
36%
Education Distribution
Gulfport, MS
Source: U.S. Census Bureau

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