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Multifamily Loans in
Roseville, MI

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Roseville, MI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Roseville 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 Roseville 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 Roseville, MI

All major multifamily lender types are lending in Roseville.


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


Roseville Market

The city of Roseville in Macomb County has a population of 47,018. The median rent in Macomb County for a 2 bedroom is $1,126. The median Roseville resident is 38 years old with a yearly income of $27,029. The average family has 2.99 members and a median household income of $47,648. Roseville has a 13% higher education rate. The unemployment rate in Roseville is 7.4%.


Population
47,018 people

County
Macomb County

Renters

36.7% of Roseville households are renters.


Rent Burden

31.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Macomb 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

Roseville Demographics


Median Individual Income
$27,029 / year

Median Household Income
$47,648 / year

Families w/ Dual Incomes
50%

Unemployment Rate
7.4%
Household Income Distribution
Roseville, MI

Median Age
38 years

Avg Family Size
2.99 people
Age Distribution
Roseville, MI

College Education or Above
13%

STEM College Graduates
40%
Education Distribution
Roseville, MI
Source: U.S. Census Bureau

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