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.
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 | 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 Haines City.
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%.
43.9% of Haines City households are renters.
32.8% median household income spent on rent.
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 |
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