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Multifamily Loans in
Hayesville, OR

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Hayesville, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hayesville 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Hayesville 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 04, 2021


Multifamily Lenders in Hayesville, OR

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


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 04, 2021


Hayesville Market

The city of Hayesville in Marion County has a population of 21,979. The median rent in Marion County for a 2 bedroom is $1,153. The median Hayesville resident is 33 years old with a yearly income of $25,394. The average family has 3.35 members and a median household income of $52,438. Hayesville has a 15% higher education rate. The unemployment rate in Hayesville is 8.2%.


Population
21,979 people

County
Marion County

Renters

50% of Hayesville households are renters.


Rent Burden

33.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Marion County 1
Oregon 2
National 2
Studio $841 $786 $737
1 bedroom $882 $891 $813
2 bedroom $1,153 $1,112 $1,015
3 bedroom $1,650 $1,569 $1,325
4 bedroom $1,996 $1,853 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hayesville Demographics


Median Individual Income
$25,394 / year

Median Household Income
$52,438 / year

Families w/ Dual Incomes
48%

Unemployment Rate
8.2%
Household Income Distribution
Hayesville, OR

Median Age
33 years

Avg Family Size
3.35 people
Age Distribution
Hayesville, OR

College Education or Above
15%

STEM College Graduates
41%
Education Distribution
Hayesville, OR
Source: U.S. Census Bureau

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