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Multifamily Loans in
High Point, NC

Overview

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.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in High Point, NC

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 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 High Point 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 High Point, NC

All major multifamily lender types are lending in High Point.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


High Point Market

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%.


Population
112,791 people

County
Guilford County

Renters

45.2% of High Point households are renters.


Rent Burden

33.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

High Point Demographics


Median Individual Income
$25,854 / year

Median Household Income
$47,234 / year

Families w/ Dual Incomes
49%

Unemployment Rate
6.9%
Household Income Distribution
High Point, NC

Median Age
36 years

Avg Family Size
3.21 people
Age Distribution
High Point, NC

College Education or Above
31%

STEM College Graduates
41%
Education Distribution
High Point, NC
Source: U.S. Census Bureau

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