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Multifamily Loans in
Titusville, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Titusville, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Titusville 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 Titusville 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 Titusville, FL

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


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


Titusville Market

The city of Titusville in Brevard County has a population of 46,580. The median rent in Brevard County for a 2 bedroom is $1,201. The median Titusville resident is 45 years old with a yearly income of $25,586. The average family has 3.19 members and a median household income of $46,609. Titusville has a 22% higher education rate. The unemployment rate in Titusville is 7.6%.


Population
46,580 people

County
Brevard County

Renters

32.4% of Titusville households are renters.


Rent Burden

33.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Brevard County 1
Florida 2
National 2
Studio $804 $822 $737
1 bedroom $976 $891 $813
2 bedroom $1,201 $1,089 $1,015
3 bedroom $1,615 $1,448 $1,325
4 bedroom $1,934 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Titusville Demographics


Median Individual Income
$25,586 / year

Median Household Income
$46,609 / year

Families w/ Dual Incomes
38%

Unemployment Rate
7.6%
Household Income Distribution
Titusville, FL

Median Age
45 years

Avg Family Size
3.19 people
Age Distribution
Titusville, FL

College Education or Above
22%

STEM College Graduates
45%
Education Distribution
Titusville, FL
Source: U.S. Census Bureau

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