Mooresville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Mooresville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Mooresville are competitive. Mooresville 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 Mooresville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mooresville 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 Mooresville.
The city of Mooresville in Iredell County has a population of 39,132. The median rent in Iredell County for a 2 bedroom is $1,007. The median Mooresville resident is 35 years old with a yearly income of $34,397. The average family has 3.15 members and a median household income of $69,188. Mooresville has a 40% higher education rate. The unemployment rate in Mooresville is 3.7%.
41.8% of Mooresville households are renters.
26.4% median household income spent on rent.
Bedrooms |
Iredell County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $863 | $694 | $737 |
| 1 bedroom | $883 | $713 | $813 |
| 2 bedroom | $1,007 | $871 | $1,015 |
| 3 bedroom | $1,358 | $1,152 | $1,325 |
| 4 bedroom | $1,726 | $1,386 | $1,521 |
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