Loading...

Multifamily Loans in
Jonesboro, AR

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Jonesboro, AR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Jonesboro 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 3.68% - 3.92%
7 Year Fixed 3.57% - 3.81%
10 Year Fixed 3.68% - 3.92%
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 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Jonesboro 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 08, 2021


Multifamily Lenders in Jonesboro, AR

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


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 08, 2021


Jonesboro Market

The city of Jonesboro in Craighead County has a population of 78,394. The median rent in Craighead County for a 2 bedroom is $834. The median Jonesboro resident is 33 years old with a yearly income of $25,072. The average family has 3.08 members and a median household income of $45,931. Jonesboro has a 30% higher education rate. The unemployment rate in Jonesboro is 6.9%.


Population
78,394 people

County
Craighead County

Renters

48.7% of Jonesboro households are renters.


Rent Burden

32.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Craighead County 1
Arkansas 2
National 2
Studio $550 $535 $737
1 bedroom $649 $574 $813
2 bedroom $834 $723 $1,015
3 bedroom $1,108 $954 $1,325
4 bedroom $1,361 $1,104 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Jonesboro Demographics


Median Individual Income
$25,072 / year

Median Household Income
$45,931 / year

Families w/ Dual Incomes
49%

Unemployment Rate
6.9%
Household Income Distribution
Jonesboro, AR

Median Age
33 years

Avg Family Size
3.08 people
Age Distribution
Jonesboro, AR

College Education or Above
30%

STEM College Graduates
42%
Education Distribution
Jonesboro, AR
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day