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Multifamily Loans in
Searcy, AR

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Searcy, AR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Searcy 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 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
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 Searcy 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 Searcy, AR

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


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


Searcy Market

The city of Searcy in White County has a population of 23,660. The median rent in White County for a 2 bedroom is $737. The median Searcy resident is 29 years old with a yearly income of $20,545. The average family has 3.2 members and a median household income of $41,014. Searcy has a 34% higher education rate. The unemployment rate in Searcy is 6.0%.


Population
23,660 people

County
White County

Renters

49.1% of Searcy households are renters.


Rent Burden

31.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
White County 1
Arkansas 2
National 2
Studio $486 $535 $737
1 bedroom $581 $574 $813
2 bedroom $737 $723 $1,015
3 bedroom $1,010 $954 $1,325
4 bedroom $1,276 $1,104 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Searcy Demographics


Median Individual Income
$20,545 / year

Median Household Income
$41,014 / year

Families w/ Dual Incomes
49%

Unemployment Rate
6.0%
Household Income Distribution
Searcy, AR

Median Age
29 years

Avg Family Size
3.2 people
Age Distribution
Searcy, AR

College Education or Above
34%

STEM College Graduates
32%
Education Distribution
Searcy, AR
Source: U.S. Census Bureau

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