Loading...

Multifamily Loans in
Pearl, MS

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Pearl, MS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pearl 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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Pearl 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 04, 2021


Multifamily Lenders in Pearl, MS

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


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 04, 2021


Pearl Market

The city of Pearl in Rankin County has a population of 26,510. The median rent in Rankin County for a 2 bedroom is $1,005. The median Pearl resident is 35 years old with a yearly income of $29,487. The average family has 3.17 members and a median household income of $49,944. Pearl has a 18% higher education rate. The unemployment rate in Pearl is 7.2%.


Population
26,510 people

County
Rankin County

Renters

37.9% of Pearl households are renters.


Rent Burden

25.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Rankin County 1
Mississippi 2
National 2
Studio $807 $573 $737
1 bedroom $856 $612 $813
2 bedroom $1,005 $754 $1,015
3 bedroom $1,253 $975 $1,325
4 bedroom $1,447 $1,111 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pearl Demographics


Median Individual Income
$29,487 / year

Median Household Income
$49,944 / year

Families w/ Dual Incomes
51%

Unemployment Rate
7.2%
Household Income Distribution
Pearl, MS

Median Age
35 years

Avg Family Size
3.17 people
Age Distribution
Pearl, MS

College Education or Above
18%

STEM College Graduates
37%
Education Distribution
Pearl, MS
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