Loading...

Multifamily Loans in
Lynn Haven, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Lynn Haven, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lynn Haven 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Lynn Haven 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 03, 2021


Multifamily Lenders in Lynn Haven, FL

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


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 03, 2021


Lynn Haven Market

The city of Lynn Haven in Bay County has a population of 20,525. The median rent in Bay County for a 2 bedroom is $1,171. The median Lynn Haven resident is 35 years old with a yearly income of $31,167. The average family has 3.24 members and a median household income of $65,650. Lynn Haven has a 32% higher education rate. The unemployment rate in Lynn Haven is 4.0%.


Population
20,525 people

County
Bay County

Renters

32.3% of Lynn Haven households are renters.


Rent Burden

29.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Bay County 1
Florida 2
National 2
Studio $920 $822 $737
1 bedroom $1,004 $891 $813
2 bedroom $1,171 $1,089 $1,015
3 bedroom $1,630 $1,448 $1,325
4 bedroom $1,920 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Lynn Haven Demographics


Median Individual Income
$31,167 / year

Median Household Income
$65,650 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.0%
Household Income Distribution
Lynn Haven, FL

Median Age
35 years

Avg Family Size
3.24 people
Age Distribution
Lynn Haven, FL

College Education or Above
32%

STEM College Graduates
43%
Education Distribution
Lynn Haven, FL
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