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Multifamily Loans in
Wade Hampton, SC

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Wade Hampton, SC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wade Hampton 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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
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 Wade Hampton 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 Wade Hampton, SC

All major multifamily lender types are lending in Wade Hampton.


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 08, 2021


Wade Hampton Market

The city of Wade Hampton in Greenville County has a population of 20,906. The median rent in Greenville County for a 2 bedroom is $1,022. The median Wade Hampton resident is 43 years old with a yearly income of $30,629. The average family has 2.97 members and a median household income of $54,331. Wade Hampton has a 41% higher education rate. The unemployment rate in Wade Hampton is 4.6%.


Population
20,906 people

County
Greenville County

Renters

37.1% of Wade Hampton households are renters.


Rent Burden

25.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Greenville County 1
South Carolina 2
National 2
Studio $793 $697 $737
1 bedroom $897 $732 $813
2 bedroom $1,022 $879 $1,015
3 bedroom $1,361 $1,158 $1,325
4 bedroom $1,647 $1,369 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Wade Hampton Demographics


Median Individual Income
$30,629 / year

Median Household Income
$54,331 / year

Families w/ Dual Incomes
50%

Unemployment Rate
4.6%
Household Income Distribution
Wade Hampton, SC

Median Age
43 years

Avg Family Size
2.97 people
Age Distribution
Wade Hampton, SC

College Education or Above
41%

STEM College Graduates
37%
Education Distribution
Wade Hampton, SC
Source: U.S. Census Bureau

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