Pompano Beach is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Pompano Beach are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Pompano Beach are some of the lowest nationally. Pompano Beach 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 Pompano Beach.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pompano Beach 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 | 5.22% - 5.46% |
| 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 | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Pompano Beach.
The city of Pompano Beach in Broward County has a population of 112,118. The median rent in Broward County for a 2 bedroom is $1,628. The median Pompano Beach resident is 43 years old with a yearly income of $26,271. The average family has 3.34 members and a median household income of $49,518. Pompano Beach has a 25% higher education rate. The unemployment rate in Pompano Beach is 7.7%.
46.6% of Pompano Beach households are renters.
37.7% median household income spent on rent.
Bedrooms |
Broward County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,142 | $822 | $737 |
| 1 bedroom | $1,292 | $891 | $813 |
| 2 bedroom | $1,628 | $1,089 | $1,015 |
| 3 bedroom | $2,330 | $1,448 | $1,325 |
| 4 bedroom | $2,819 | $1,716 | $1,521 |
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