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Multifamily Loans in
Jeffersonville, IN

Overview

Jeffersonville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Jeffersonville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Jeffersonville are competitive. Jeffersonville 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 Jeffersonville.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Jeffersonville, IN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Jeffersonville 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 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Jeffersonville 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 02, 2021


Multifamily Lenders in Jeffersonville, IN

All major multifamily lender types are lending in Jeffersonville.


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 02, 2021


Jeffersonville Market

The city of Jeffersonville in Clark County has a population of 48,126. The median rent in Clark County for a 2 bedroom is $979. The median Jeffersonville resident is 38 years old with a yearly income of $31,111. The average family has 3.2 members and a median household income of $56,223. Jeffersonville has a 23% higher education rate. The unemployment rate in Jeffersonville is 5.7%.


Population
48,126 people

County
Clark County

Renters

33.1% of Jeffersonville households are renters.


Rent Burden

26.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Clark County 1
Indiana 2
National 2
Studio $692 $593 $737
1 bedroom $810 $666 $813
2 bedroom $979 $840 $1,015
3 bedroom $1,311 $1,099 $1,325
4 bedroom $1,502 $1,251 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Jeffersonville Demographics


Median Individual Income
$31,111 / year

Median Household Income
$56,223 / year

Families w/ Dual Incomes
50%

Unemployment Rate
5.7%
Household Income Distribution
Jeffersonville, IN

Median Age
38 years

Avg Family Size
3.2 people
Age Distribution
Jeffersonville, IN

College Education or Above
23%

STEM College Graduates
37%
Education Distribution
Jeffersonville, IN
Source: U.S. Census Bureau

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