Roswell is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Roswell are considered greater risk due to market dynamics. Interest rates for multifamily loans in Roswell are higher than the national average. Roswell apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Roswell.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Roswell 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 | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.28% - 5.52% |
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 | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Roswell.
The city of Roswell in Chaves County has a population of 47,551. The median rent in Chaves County for a 2 bedroom is $955. The median Roswell resident is 35 years old with a yearly income of $22,917. The average family has 3.31 members and a median household income of $43,372. Roswell has a 19% higher education rate. The unemployment rate in Roswell is 5.1%.
33.9% of Roswell households are renters.
28.5% median household income spent on rent.
Bedrooms |
Chaves County 1 |
New Mexico 2 |
National 2 |
|---|---|---|---|
| Studio | $720 | $682 | $737 |
| 1 bedroom | $725 | $728 | $813 |
| 2 bedroom | $955 | $898 | $1,015 |
| 3 bedroom | $1,233 | $1,212 | $1,325 |
| 4 bedroom | $1,372 | $1,440 | $1,521 |
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