Henderson is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Henderson are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Henderson are slightly higher than the national average. Henderson 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 Henderson.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Henderson are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.58% - 6.82% |
| 7 Year Fixed | 6.34% - 6.58% |
| 10 Year Fixed | 6.28% - 6.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.74% - 5.84% |
| 7 Year Fixed | 5.79% - 5.89% |
| 10 Year Fixed | 5.77% - 5.87% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Henderson.
The city of Henderson in Henderson County has a population of 28,207. The median rent in Henderson County for a 2 bedroom is $903. The median Henderson resident is 40 years old with a yearly income of $24,211. The average family has 2.92 members and a median household income of $39,887. Henderson has a 18% higher education rate. The unemployment rate in Henderson is 5.0%.
50.8% of Henderson households are renters.
29.6% median household income spent on rent.
Bedrooms |
Henderson County 1 |
Kentucky 2 |
National 2 |
|---|---|---|---|
| Studio | $638 | $548 | $737 |
| 1 bedroom | $716 | $605 | $813 |
| 2 bedroom | $903 | $763 | $1,015 |
| 3 bedroom | $1,183 | $1,011 | $1,325 |
| 4 bedroom | $1,306 | $1,144 | $1,521 |
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