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Multifamily Loans in
Paragould, AR

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Paragould, AR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Paragould 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 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
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 Paragould 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 Paragould, AR

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


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


Paragould Market

The city of Paragould in Greene County has a population of 28,986. The median rent in Greene County for a 2 bedroom is $753. The median Paragould resident is 36 years old with a yearly income of $24,030. The average family has 3.08 members and a median household income of $45,841. Paragould has a 18% higher education rate. The unemployment rate in Paragould is 6.2%.


Population
28,986 people

County
Greene County

Renters

40.2% of Paragould households are renters.


Rent Burden

26.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Greene County 1
Arkansas 2
National 2
Studio $551 $535 $737
1 bedroom $661 $574 $813
2 bedroom $753 $723 $1,015
3 bedroom $1,078 $954 $1,325
4 bedroom $1,212 $1,104 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Paragould Demographics


Median Individual Income
$24,030 / year

Median Household Income
$45,841 / year

Families w/ Dual Incomes
52%

Unemployment Rate
6.2%
Household Income Distribution
Paragould, AR

Median Age
36 years

Avg Family Size
3.08 people
Age Distribution
Paragould, AR

College Education or Above
18%

STEM College Graduates
41%
Education Distribution
Paragould, AR
Source: U.S. Census Bureau

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