Statesville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Statesville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Statesville are competitive. Statesville 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 Statesville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Statesville are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.99% - 7.23% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Statesville.
The city of Statesville in Iredell County has a population of 27,528. The median rent in Iredell County for a 2 bedroom is $1,007. The median Statesville resident is 39 years old with a yearly income of $24,119. The average family has 3.14 members and a median household income of $39,987. Statesville has a 23% higher education rate. The unemployment rate in Statesville is 6.7%.
47.7% of Statesville households are renters.
30.3% median household income spent on rent.
Bedrooms |
Iredell County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $863 | $694 | $737 |
| 1 bedroom | $883 | $713 | $813 |
| 2 bedroom | $1,007 | $871 | $1,015 |
| 3 bedroom | $1,358 | $1,152 | $1,325 |
| 4 bedroom | $1,726 | $1,386 | $1,521 |
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