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Multifamily Loans in
Port Huron, MI

Overview

Port Huron is located in a good market for 5+ unit multifamily loans. Multifamily loans in Port Huron are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Port Huron are competitive. Port Huron 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 Port Huron.

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Port Huron, MI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Port Huron 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 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Port Huron 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 Port Huron, MI

All major multifamily lender types are lending in Port Huron.


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


Port Huron Market

The city of Port Huron in St. Clair County has a population of 28,749. The median rent in St. Clair County for a 2 bedroom is $1,126. The median Port Huron resident is 37 years old with a yearly income of $21,778. The average family has 2.99 members and a median household income of $38,808. Port Huron has a 16% higher education rate. The unemployment rate in Port Huron is 9.3%.


Population
28,749 people

County
St. Clair County

Renters

48.1% of Port Huron households are renters.


Rent Burden

34% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
St. Clair County 1
Michigan 2
National 2
Studio $748 $607 $737
1 bedroom $881 $678 $813
2 bedroom $1,126 $855 $1,015
3 bedroom $1,443 $1,118 $1,325
4 bedroom $1,565 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Port Huron Demographics


Median Individual Income
$21,778 / year

Median Household Income
$38,808 / year

Families w/ Dual Incomes
41%

Unemployment Rate
9.3%
Household Income Distribution
Port Huron, MI

Median Age
37 years

Avg Family Size
2.99 people
Age Distribution
Port Huron, MI

College Education or Above
16%

STEM College Graduates
41%
Education Distribution
Port Huron, MI
Source: U.S. Census Bureau

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