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Multifamily Loans in
Vicksburg, MS

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Vicksburg, MS

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

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


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


Vicksburg Market

The city of Vicksburg in Warren County has a population of 21,653. The median rent in Warren County for a 2 bedroom is $756. The median Vicksburg resident is 36 years old with a yearly income of $19,945. The average family has 3.46 members and a median household income of $32,072. Vicksburg has a 22% higher education rate. The unemployment rate in Vicksburg is 7.4%.


Population
21,653 people

County
Warren County

Renters

48.6% of Vicksburg households are renters.


Rent Burden

43.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Warren County 1
Mississippi 2
National 2
Studio $570 $573 $737
1 bedroom $574 $612 $813
2 bedroom $756 $754 $1,015
3 bedroom $1,051 $975 $1,325
4 bedroom $1,309 $1,111 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Vicksburg Demographics


Median Individual Income
$19,945 / year

Median Household Income
$32,072 / year

Families w/ Dual Incomes
37%

Unemployment Rate
7.4%
Household Income Distribution
Vicksburg, MS

Median Age
36 years

Avg Family Size
3.46 people
Age Distribution
Vicksburg, MS

College Education or Above
22%

STEM College Graduates
41%
Education Distribution
Vicksburg, MS
Source: U.S. Census Bureau

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