Greenfield is located in a good market for 5+ unit multifamily loans. Multifamily loans in Greenfield are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Greenfield are competitive. Greenfield 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 Greenfield.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Greenfield 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 | 5.49% - 5.73% |
| 7 Year Fixed | 5.25% - 5.49% |
| 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 Greenfield.
The city of Greenfield in Hancock County has a population of 23,006. The median rent in Hancock County for a 2 bedroom is $1,007. The median Greenfield resident is 38 years old with a yearly income of $31,286. The average family has 3.04 members and a median household income of $53,270. Greenfield has a 22% higher education rate. The unemployment rate in Greenfield is 3.3%.
38.6% of Greenfield households are renters.
25% median household income spent on rent.
Bedrooms |
Hancock 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 |
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