La Vergne is located in a good market for 5+ unit multifamily loans. Multifamily loans in La Vergne are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in La Vergne are competitive. La Vergne 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 La Vergne.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in La Vergne 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 La Vergne.
The city of La Vergne in Rutherford County has a population of 35,716. The median rent in Rutherford County for a 2 bedroom is $1,293. The median La Vergne resident is 31 years old with a yearly income of $31,191. The average family has 3.62 members and a median household income of $64,531. La Vergne has a 22% higher education rate. The unemployment rate in La Vergne is 4.3%.
29.3% of La Vergne households are renters.
29% median household income spent on rent.
Bedrooms |
Rutherford County 1 |
Tennessee 2 |
National 2 |
|---|---|---|---|
| Studio | $1,078 | $618 | $737 |
| 1 bedroom | $1,114 | $657 | $813 |
| 2 bedroom | $1,293 | $813 | $1,015 |
| 3 bedroom | $1,663 | $1,073 | $1,325 |
| 4 bedroom | $2,085 | $1,248 | $1,521 |
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