Altamonte Springs is located in a good market for 5+ unit multifamily loans. Multifamily loans in Altamonte Springs are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Altamonte Springs are competitive. Altamonte Springs 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 Altamonte Springs.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Altamonte Springs are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.44% - 5.68% |
| 7 Year Fixed | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Altamonte Springs.
The city of Altamonte Springs in Seminole County has a population of 44,143. The median rent in Seminole County for a 2 bedroom is $1,422. The median Altamonte Springs resident is 36 years old with a yearly income of $31,451. The average family has 3.03 members and a median household income of $52,888. Altamonte Springs has a 39% higher education rate. The unemployment rate in Altamonte Springs is 5.3%.
61.1% of Altamonte Springs households are renters.
29.2% median household income spent on rent.
Bedrooms |
Seminole County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,135 | $822 | $737 |
| 1 bedroom | $1,227 | $891 | $813 |
| 2 bedroom | $1,422 | $1,089 | $1,015 |
| 3 bedroom | $1,844 | $1,448 | $1,325 |
| 4 bedroom | $2,215 | $1,716 | $1,521 |
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