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Multifamily Loans in
Huntsville, AL

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Huntsville, AL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Huntsville 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
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 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Huntsville 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 Huntsville, AL

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


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 04, 2021


Huntsville Market

The city of Huntsville in Madison County has a population of 200,574. The median rent in Madison County for a 2 bedroom is $883. The median Huntsville resident is 37 years old with a yearly income of $30,079. The average family has 2.88 members and a median household income of $55,305. Huntsville has a 44% higher education rate. The unemployment rate in Huntsville is 5.3%.


Population
200,574 people

County
Madison County

Renters

43.3% of Huntsville households are renters.


Rent Burden

31.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Madison County 1
Alabama 2
National 2
Studio $634 $580 $737
1 bedroom $743 $626 $813
2 bedroom $883 $767 $1,015
3 bedroom $1,172 $1,004 $1,325
4 bedroom $1,492 $1,157 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Huntsville Demographics


Median Individual Income
$30,079 / year

Median Household Income
$55,305 / year

Families w/ Dual Incomes
46%

Unemployment Rate
5.3%
Household Income Distribution
Huntsville, AL

Median Age
37 years

Avg Family Size
2.88 people
Age Distribution
Huntsville, AL

College Education or Above
44%

STEM College Graduates
51%
Education Distribution
Huntsville, AL
Source: U.S. Census Bureau

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