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Multifamily Loans in
Navarre, FL

Overview

Navarre is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Navarre are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Navarre are slightly higher than the national average. Navarre apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Navarre.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Navarre, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Navarre 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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 3.33% - 3.73%
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 Navarre 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 Navarre, FL

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


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


Navarre Market

The city of Navarre in Santa Rosa County has a population of 37,362. The median rent in Santa Rosa County for a 2 bedroom is $1,059. The median Navarre resident is 37 years old with a yearly income of $33,611. The average family has 3.12 members and a median household income of $78,282. Navarre has a 27% higher education rate. The unemployment rate in Navarre is 5.9%.


Population
37,362 people

County
Santa Rosa County

Renters

19.5% of Navarre households are renters.


Rent Burden

35.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Santa Rosa County 1
Florida 2
National 2
Studio $833 $822 $737
1 bedroom $901 $891 $813
2 bedroom $1,059 $1,089 $1,015
3 bedroom $1,486 $1,448 $1,325
4 bedroom $1,834 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Navarre Demographics


Median Individual Income
$33,611 / year

Median Household Income
$78,282 / year

Families w/ Dual Incomes
53%

Unemployment Rate
5.9%
Household Income Distribution
Navarre, FL

Median Age
37 years

Avg Family Size
3.12 people
Age Distribution
Navarre, FL

College Education or Above
27%

STEM College Graduates
47%
Education Distribution
Navarre, FL
Source: U.S. Census Bureau

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