Holt is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Holt are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Holt are slightly higher than the national average. Holt apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Holt.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Holt 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 $6M |
|---|---|
| 5 Year Fixed | 5.58% - 5.82% |
| 7 Year Fixed | 5.29% - 5.53% |
| 10 Year Fixed | 5.13% - 5.37% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Holt.
The city of Holt in Ingham County has a population of 26,065. The median rent in Ingham County for a 2 bedroom is $962. The median Holt resident is 39 years old with a yearly income of $36,053. The average family has 3.16 members and a median household income of $66,316. Holt has a 38% higher education rate. The unemployment rate in Holt is 5.5%.
28.8% of Holt households are renters.
31.2% median household income spent on rent.
Bedrooms |
Ingham County 1 |
Michigan 2 |
National 2 |
|---|---|---|---|
| Studio | $751 | $607 | $737 |
| 1 bedroom | $783 | $678 | $813 |
| 2 bedroom | $962 | $855 | $1,015 |
| 3 bedroom | $1,239 | $1,118 | $1,325 |
| 4 bedroom | $1,338 | $1,238 | $1,521 |
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