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Multifamily Loans in
Hattiesburg, MS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Hattiesburg, MS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hattiesburg 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 Hattiesburg 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 Hattiesburg, MS

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


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


Hattiesburg Market

The city of Hattiesburg in Forrest County has a population of 45,863. The median rent in Forrest County for a 2 bedroom is $916. The median Hattiesburg resident is 29 years old with a yearly income of $17,760. The average family has 3.21 members and a median household income of $34,735. Hattiesburg has a 33% higher education rate. The unemployment rate in Hattiesburg is 10.5%.


Population
45,863 people

County
Forrest County

Renters

63.7% of Hattiesburg households are renters.


Rent Burden

37.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Forrest County 1
Mississippi 2
National 2
Studio $604 $573 $737
1 bedroom $767 $612 $813
2 bedroom $916 $754 $1,015
3 bedroom $1,186 $975 $1,325
4 bedroom $1,337 $1,111 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hattiesburg Demographics


Median Individual Income
$17,760 / year

Median Household Income
$34,735 / year

Families w/ Dual Incomes
46%

Unemployment Rate
10.5%
Household Income Distribution
Hattiesburg, MS

Median Age
29 years

Avg Family Size
3.21 people
Age Distribution
Hattiesburg, MS

College Education or Above
33%

STEM College Graduates
42%
Education Distribution
Hattiesburg, MS
Source: U.S. Census Bureau

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