Olive Branch is located in a good market for 5+ unit multifamily loans. Multifamily loans in Olive Branch are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Olive Branch are competitive. Olive Branch 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 Olive Branch.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Olive Branch 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 Olive Branch.
The city of Olive Branch in DeSoto County has a population of 38,924. The median rent in DeSoto County for a 2 bedroom is $972. The median Olive Branch resident is 38 years old with a yearly income of $33,321. The average family has 3.29 members and a median household income of $74,680. Olive Branch has a 27% higher education rate. The unemployment rate in Olive Branch is 4.3%.
20.9% of Olive Branch households are renters.
22% median household income spent on rent.
Bedrooms |
DeSoto County 1 |
Mississippi 2 |
National 2 |
|---|---|---|---|
| Studio | $732 | $573 | $737 |
| 1 bedroom | $836 | $612 | $813 |
| 2 bedroom | $972 | $754 | $1,015 |
| 3 bedroom | $1,311 | $975 | $1,325 |
| 4 bedroom | $1,507 | $1,111 | $1,521 |
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