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Multifamily Loans in
Mcnair, VA

Overview

Mcnair is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Mcnair are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Mcnair are some of the lowest nationally. Mcnair 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 Mcnair.

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Mcnair, VA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mcnair 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Mcnair 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 Mcnair, VA

All major multifamily lender types are lending in Mcnair.


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 05, 2021


Mcnair Market

The city of Mcnair in Fairfax County has a population of 21,485. The median rent in Fairfax County for a 2 bedroom is $1,917. The median Mcnair resident is 32 years old with a yearly income of $59,092. The average family has 3.33 members and a median household income of $104,761. Mcnair has a 68% higher education rate. The unemployment rate in Mcnair is 4.6%.


Population
21,485 people

County
Fairfax County

Renters

77.1% of Mcnair households are renters.


Rent Burden

22.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Fairfax County 1
Virginia 2
National 2
Studio $1,643 $833 $737
1 bedroom $1,682 $897 $813
2 bedroom $1,917 $1,072 $1,015
3 bedroom $2,457 $1,423 $1,325
4 bedroom $2,978 $1,680 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mcnair Demographics


Median Individual Income
$59,092 / year

Median Household Income
$104,761 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.6%
Household Income Distribution
Mcnair, VA

Median Age
32 years

Avg Family Size
3.33 people
Age Distribution
Mcnair, VA

College Education or Above
68%

STEM College Graduates
65%
Education Distribution
Mcnair, VA
Source: U.S. Census Bureau

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