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Multifamily Loans in
Haines City, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Haines City, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Haines City 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Haines City 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 Haines City, FL

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


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


Haines City Market

The city of Haines City in Polk County has a population of 26,009. The median rent in Polk County for a 2 bedroom is $1,099. The median Haines City resident is 35 years old with a yearly income of $22,354. The average family has 3.91 members and a median household income of $44,279. Haines City has a 15% higher education rate. The unemployment rate in Haines City is 5.6%.


Population
26,009 people

County
Polk County

Renters

43.9% of Haines City households are renters.


Rent Burden

32.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Polk County 1
Florida 2
National 2
Studio $853 $822 $737
1 bedroom $859 $891 $813
2 bedroom $1,099 $1,089 $1,015
3 bedroom $1,478 $1,448 $1,325
4 bedroom $1,896 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Haines City Demographics


Median Individual Income
$22,354 / year

Median Household Income
$44,279 / year

Families w/ Dual Incomes
38%

Unemployment Rate
5.6%
Household Income Distribution
Haines City, FL

Median Age
35 years

Avg Family Size
3.91 people
Age Distribution
Haines City, FL

College Education or Above
15%

STEM College Graduates
34%
Education Distribution
Haines City, FL
Source: U.S. Census Bureau

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