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Multifamily Loans in
Zionsville, IN

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Zionsville, IN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Zionsville 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 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Zionsville 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 02, 2021


Multifamily Lenders in Zionsville, IN

All major multifamily lender types are lending in Zionsville.


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 02, 2021


Zionsville Market

The city of Zionsville in Boone County has a population of 28,357. The median rent in Boone County for a 2 bedroom is $1,007. The median Zionsville resident is 39 years old with a yearly income of $61,060. The average family has 3.16 members and a median household income of $137,377. Zionsville has a 69% higher education rate. The unemployment rate in Zionsville is 2.5%.


Population
28,357 people

County
Boone County

Renters

16.7% of Zionsville households are renters.


Rent Burden

29.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Boone County 1
Indiana 2
National 2
Studio $722 $593 $737
1 bedroom $831 $666 $813
2 bedroom $1,007 $840 $1,015
3 bedroom $1,329 $1,099 $1,325
4 bedroom $1,548 $1,251 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Zionsville Demographics


Median Individual Income
$61,060 / year

Median Household Income
$137,377 / year

Families w/ Dual Incomes
64%

Unemployment Rate
2.5%
Household Income Distribution
Zionsville, IN

Median Age
39 years

Avg Family Size
3.16 people
Age Distribution
Zionsville, IN

College Education or Above
69%

STEM College Graduates
53%
Education Distribution
Zionsville, IN
Source: U.S. Census Bureau

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