Loading...

Multifamily Loans in
Van Buren, AR

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Van Buren, AR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Van Buren 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 3.22% - 3.47%
7 Year Fixed 3.39% - 3.84%
10 Year Fixed 3.37% - 3.77%
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 Van Buren 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 Van Buren, AR

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


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


Van Buren Market

The city of Van Buren in Crawford County has a population of 23,683. The median rent in Crawford County for a 2 bedroom is $751. The median Van Buren resident is 34 years old with a yearly income of $25,087. The average family has 3.16 members and a median household income of $45,714. Van Buren has a 18% higher education rate. The unemployment rate in Van Buren is 6.0%.


Population
23,683 people

County
Crawford County

Renters

39.4% of Van Buren households are renters.


Rent Burden

30.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Crawford County 1
Arkansas 2
National 2
Studio $568 $535 $737
1 bedroom $570 $574 $813
2 bedroom $751 $723 $1,015
3 bedroom $1,043 $954 $1,325
4 bedroom $1,214 $1,104 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Van Buren Demographics


Median Individual Income
$25,087 / year

Median Household Income
$45,714 / year

Families w/ Dual Incomes
49%

Unemployment Rate
6.0%
Household Income Distribution
Van Buren, AR

Median Age
34 years

Avg Family Size
3.16 people
Age Distribution
Van Buren, AR

College Education or Above
18%

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

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day