Asheboro is located in a good market for 5+ unit multifamily loans. Multifamily loans in Asheboro are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Asheboro are competitive. Asheboro 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 Asheboro.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Asheboro 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 Asheboro.
The city of Asheboro in Randolph County has a population of 25,940. The median rent in Randolph County for a 2 bedroom is $919. The median Asheboro resident is 37 years old with a yearly income of $24,229. The average family has 3.08 members and a median household income of $38,211. Asheboro has a 18% higher education rate. The unemployment rate in Asheboro is 6.1%.
50.8% of Asheboro households are renters.
27.6% median household income spent on rent.
Bedrooms |
Randolph County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $772 | $694 | $737 |
| 1 bedroom | $803 | $713 | $813 |
| 2 bedroom | $919 | $871 | $1,015 |
| 3 bedroom | $1,214 | $1,152 | $1,325 |
| 4 bedroom | $1,379 | $1,386 | $1,521 |
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