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Multifamily Loans in
Statesboro, GA

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Statesboro, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Statesboro 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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Statesboro 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 04, 2021


Multifamily Lenders in Statesboro, GA

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


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 04, 2021


Statesboro Market

The city of Statesboro in Bulloch County has a population of 32,954. The median rent in Bulloch County for a 2 bedroom is $778. The median Statesboro resident is 22 years old with a yearly income of $12,211. The average family has 2.93 members and a median household income of $29,203. Statesboro has a 26% higher education rate. The unemployment rate in Statesboro is 12.3%.


Population
32,954 people

County
Bulloch County

Renters

74.1% of Statesboro households are renters.


Rent Burden

36.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Bulloch County 1
Georgia 2
National 2
Studio $650 $670 $737
1 bedroom $656 $698 $813
2 bedroom $778 $840 $1,015
3 bedroom $1,113 $1,103 $1,325
4 bedroom $1,347 $1,302 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Statesboro Demographics


Median Individual Income
$12,211 / year

Median Household Income
$29,203 / year

Families w/ Dual Incomes
41%

Unemployment Rate
12.3%
Household Income Distribution
Statesboro, GA

Median Age
22 years

Avg Family Size
2.93 people
Age Distribution
Statesboro, GA

College Education or Above
26%

STEM College Graduates
37%
Education Distribution
Statesboro, GA
Source: U.S. Census Bureau

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