Sulphur is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Sulphur are considered greater risk due to market dynamics. Interest rates for multifamily loans in Sulphur are higher than the national average. Sulphur 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 Sulphur.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sulphur 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.37% - 5.61% |
| 10 Year Fixed | 5.23% - 5.47% |
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 Sulphur.
The city of Sulphur in Calcasieu Parish has a population of 20,065. The median rent in Calcasieu Parish for a 2 bedroom is $926. The median Sulphur resident is 37 years old with a yearly income of $28,852. The average family has 3.21 members and a median household income of $53,287. Sulphur has a 17% higher education rate. The unemployment rate in Sulphur is 4.6%.
32.1% of Sulphur households are renters.
27.8% median household income spent on rent.
Bedrooms |
Calcasieu Parish 1 |
Louisiana 2 |
National 2 |
|---|---|---|---|
| Studio | $692 | $665 | $737 |
| 1 bedroom | $718 | $729 | $813 |
| 2 bedroom | $926 | $888 | $1,015 |
| 3 bedroom | $1,163 | $1,160 | $1,325 |
| 4 bedroom | $1,342 | $1,326 | $1,521 |
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