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Multifamily Loans in
Holt, MI

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Holt, MI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Holt 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% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.51% - 3.75%
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 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Holt 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 05, 2021


Multifamily Lenders in Holt, MI

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


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 05, 2021


Holt Market

The city of Holt in Ingham County has a population of 26,065. The median rent in Ingham County for a 2 bedroom is $962. The median Holt resident is 39 years old with a yearly income of $36,053. The average family has 3.16 members and a median household income of $66,316. Holt has a 38% higher education rate. The unemployment rate in Holt is 5.5%.


Population
26,065 people

County
Ingham County

Renters

28.8% of Holt households are renters.


Rent Burden

31.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ingham County 1
Michigan 2
National 2
Studio $751 $607 $737
1 bedroom $783 $678 $813
2 bedroom $962 $855 $1,015
3 bedroom $1,239 $1,118 $1,325
4 bedroom $1,338 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Holt Demographics


Median Individual Income
$36,053 / year

Median Household Income
$66,316 / year

Families w/ Dual Incomes
59%

Unemployment Rate
5.5%
Household Income Distribution
Holt, MI

Median Age
39 years

Avg Family Size
3.16 people
Age Distribution
Holt, MI

College Education or Above
38%

STEM College Graduates
41%
Education Distribution
Holt, MI
Source: U.S. Census Bureau

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