High Point is located in a good market for 5+ unit multifamily loans. Multifamily loans in High Point are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in High Point are competitive. High Point apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in High Point.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in High Point 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 $7.5M |
|---|---|
| 5 Year Fixed | 6.99% - 7.23% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in High Point.
The city of High Point in Guilford County has a population of 112,791. The median rent in Guilford County for a 2 bedroom is $919. The median High Point resident is 36 years old with a yearly income of $25,854. The average family has 3.21 members and a median household income of $47,234. High Point has a 31% higher education rate. The unemployment rate in High Point is 6.9%.
45.2% of High Point households are renters.
33.5% median household income spent on rent.
Bedrooms |
Guilford County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $772 | $694 | $737 |
| 1 bedroom | $803 | $713 | $813 |
| 2 bedroom | $919 | $871 | $1,015 |
| 3 bedroom | $1,214 | $1,152 | $1,325 |
| 4 bedroom | $1,379 | $1,386 | $1,521 |
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