Mount Juliet is located in a good market for 5+ unit multifamily loans. Multifamily loans in Mount Juliet are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Mount Juliet are competitive. Mount Juliet 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 Mount Juliet.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mount Juliet are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.93% - 6.08% |
| 7 Year Fixed | 5.99% - 6.14% |
| 10 Year Fixed | 5.99% - 6.14% |
All major multifamily lender types are lending in Mount Juliet.
The city of Mount Juliet in Wilson County has a population of 37,029. The median rent in Wilson County for a 2 bedroom is $1,293. The median Mount Juliet resident is 36 years old with a yearly income of $43,097. The average family has 3.28 members and a median household income of $91,303. Mount Juliet has a 45% higher education rate. The unemployment rate in Mount Juliet is 3.3%.
23.2% of Mount Juliet households are renters.
26.1% median household income spent on rent.
Bedrooms |
Wilson County 1 |
Tennessee 2 |
National 2 |
|---|---|---|---|
| Studio | $1,078 | $618 | $737 |
| 1 bedroom | $1,114 | $657 | $813 |
| 2 bedroom | $1,293 | $813 | $1,015 |
| 3 bedroom | $1,663 | $1,073 | $1,325 |
| 4 bedroom | $2,085 | $1,248 | $1,521 |
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