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Multifamily Loans in
Russellville, AR

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Russellville, AR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Russellville 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 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
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 Russellville 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 Russellville, AR

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


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


Russellville Market

The city of Russellville in Pope County has a population of 29,175. The median rent in Pope County for a 2 bedroom is $715. The median Russellville resident is 28 years old with a yearly income of $19,048. The average family has 3.21 members and a median household income of $36,562. Russellville has a 28% higher education rate. The unemployment rate in Russellville is 8.6%.


Population
29,175 people

County
Pope County

Renters

48.5% of Russellville households are renters.


Rent Burden

28.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pope County 1
Arkansas 2
National 2
Studio $509 $535 $737
1 bedroom $543 $574 $813
2 bedroom $715 $723 $1,015
3 bedroom $1,013 $954 $1,325
4 bedroom $1,071 $1,104 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Russellville Demographics


Median Individual Income
$19,048 / year

Median Household Income
$36,562 / year

Families w/ Dual Incomes
48%

Unemployment Rate
8.6%
Household Income Distribution
Russellville, AR

Median Age
28 years

Avg Family Size
3.21 people
Age Distribution
Russellville, AR

College Education or Above
28%

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

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