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Multifamily Loans in
Vestavia Hills, AL

Overview

Vestavia Hills is located in a good market for 5+ unit multifamily loans. Multifamily loans in Vestavia Hills are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Vestavia Hills are competitive. Vestavia Hills 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 Vestavia Hills.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Vestavia Hills, AL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Vestavia Hills 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 $7.5M
5 Year Fixed 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Vestavia Hills 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 Vestavia Hills, AL

All major multifamily lender types are lending in Vestavia Hills.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


Vestavia Hills Market

The city of Vestavia Hills in Jefferson County has a population of 34,413. The median rent in Jefferson County for a 2 bedroom is $1,093. The median Vestavia Hills resident is 39 years old with a yearly income of $52,697. The average family has 3.09 members and a median household income of $109,485. Vestavia Hills has a 69% higher education rate. The unemployment rate in Vestavia Hills is 2.0%.


Population
34,413 people

County
Jefferson County

Renters

21.7% of Vestavia Hills households are renters.


Rent Burden

29.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jefferson County 1
Alabama 2
National 2
Studio $891 $580 $737
1 bedroom $950 $626 $813
2 bedroom $1,093 $767 $1,015
3 bedroom $1,421 $1,004 $1,325
4 bedroom $1,537 $1,157 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Vestavia Hills Demographics


Median Individual Income
$52,697 / year

Median Household Income
$109,485 / year

Families w/ Dual Incomes
57%

Unemployment Rate
2.0%
Household Income Distribution
Vestavia Hills, AL

Median Age
39 years

Avg Family Size
3.09 people
Age Distribution
Vestavia Hills, AL

College Education or Above
69%

STEM College Graduates
40%
Education Distribution
Vestavia Hills, AL
Source: U.S. Census Bureau

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