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Multifamily Loans in
Rock Hill, SC

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Rock Hill, SC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rock Hill 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
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 Rock Hill 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 Rock Hill, SC

All major multifamily lender types are lending in Rock Hill.


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 08, 2021


Rock Hill Market

The city of Rock Hill in York County has a population of 75,048. The median rent in York County for a 2 bedroom is $1,243. The median Rock Hill resident is 35 years old with a yearly income of $27,511. The average family has 3.08 members and a median household income of $50,444. Rock Hill has a 30% higher education rate. The unemployment rate in Rock Hill is 5.7%.


Population
75,048 people

County
York County

Renters

47.5% of Rock Hill households are renters.


Rent Burden

33.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
York County 1
South Carolina 2
National 2
Studio $1,066 $697 $737
1 bedroom $1,090 $732 $813
2 bedroom $1,243 $879 $1,015
3 bedroom $1,639 $1,158 $1,325
4 bedroom $2,112 $1,369 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Rock Hill Demographics


Median Individual Income
$27,511 / year

Median Household Income
$50,444 / year

Families w/ Dual Incomes
51%

Unemployment Rate
5.7%
Household Income Distribution
Rock Hill, SC

Median Age
35 years

Avg Family Size
3.08 people
Age Distribution
Rock Hill, SC

College Education or Above
30%

STEM College Graduates
38%
Education Distribution
Rock Hill, SC
Source: U.S. Census Bureau

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