Hinesville is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Hinesville are considered greater risk due to market dynamics. Interest rates for multifamily loans in Hinesville are higher than the national average. Hinesville 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 Hinesville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hinesville 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 | 6.42% - 6.66% |
| 10 Year Fixed | 6.38% - 6.62% |
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 | 5.89% - 5.99% |
| 7 Year Fixed | 5.94% - 6.04% |
| 10 Year Fixed | 5.92% - 6.02% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Hinesville.
The city of Hinesville in Liberty County has a population of 33,273. The median rent in Liberty County for a 2 bedroom is $1,027. The median Hinesville resident is 29 years old with a yearly income of $30,252. The average family has 2.92 members and a median household income of $47,563. Hinesville has a 20% higher education rate. The unemployment rate in Hinesville is 10.1%.
56.8% of Hinesville households are renters.
29.3% median household income spent on rent.
Bedrooms |
Liberty County 1 |
Georgia 2 |
National 2 |
|---|---|---|---|
| Studio | $871 | $670 | $737 |
| 1 bedroom | $901 | $698 | $813 |
| 2 bedroom | $1,027 | $840 | $1,015 |
| 3 bedroom | $1,470 | $1,103 | $1,325 |
| 4 bedroom | $1,778 | $1,302 | $1,521 |
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