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Multifamily Loans in
Wilson, NC

Overview

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

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Multifamily Loan Rates in Wilson, NC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wilson 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Wilson 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.

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Multifamily Lenders in Wilson, NC

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


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 02, 2021


Wilson Market

The city of Wilson in Wilson County has a population of 49,459. The median rent in Wilson County for a 2 bedroom is $832. The median Wilson resident is 39 years old with a yearly income of $24,298. The average family has 3.17 members and a median household income of $42,036. Wilson has a 23% higher education rate. The unemployment rate in Wilson is 8.6%.


Population
49,459 people

County
Wilson County

Renters

50.7% of Wilson households are renters.


Rent Burden

34.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Wilson County 1
North Carolina 2
National 2
Studio $707 $694 $737
1 bedroom $729 $713 $813
2 bedroom $832 $871 $1,015
3 bedroom $1,067 $1,152 $1,325
4 bedroom $1,128 $1,386 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Wilson Demographics


Median Individual Income
$24,298 / year

Median Household Income
$42,036 / year

Families w/ Dual Incomes
45%

Unemployment Rate
8.6%
Household Income Distribution
Wilson, NC

Median Age
39 years

Avg Family Size
3.17 people
Age Distribution
Wilson, NC

College Education or Above
23%

STEM College Graduates
38%
Education Distribution
Wilson, NC
Source: U.S. Census Bureau

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