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Multifamily Loans in
Springdale, AR

Overview

Springdale is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Springdale are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Springdale are slightly higher than the national average. Springdale apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Springdale.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Springdale, AR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Springdale 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Springdale 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 Springdale, AR

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


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


Springdale Market

The city of Springdale in Washington County has a population of 81,125. The median rent in Washington County for a 2 bedroom is $833. The median Springdale resident is 32 years old with a yearly income of $26,389. The average family has 3.46 members and a median household income of $50,343. Springdale has a 20% higher education rate. The unemployment rate in Springdale is 5.4%.


Population
81,125 people

County
Washington County

Renters

50.5% of Springdale households are renters.


Rent Burden

24.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Washington County 1
Arkansas 2
National 2
Studio $618 $535 $737
1 bedroom $660 $574 $813
2 bedroom $833 $723 $1,015
3 bedroom $1,192 $954 $1,325
4 bedroom $1,442 $1,104 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Springdale Demographics


Median Individual Income
$26,389 / year

Median Household Income
$50,343 / year

Families w/ Dual Incomes
55%

Unemployment Rate
5.4%
Household Income Distribution
Springdale, AR

Median Age
32 years

Avg Family Size
3.46 people
Age Distribution
Springdale, AR

College Education or Above
20%

STEM College Graduates
38%
Education Distribution
Springdale, AR
Source: U.S. Census Bureau

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