Valdosta is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Valdosta are considered greater risk due to market dynamics. Interest rates for multifamily loans in Valdosta are higher than the national average. Valdosta 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 Valdosta.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Valdosta 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 Valdosta.
The city of Valdosta in Lowndes County has a population of 56,457. The median rent in Lowndes County for a 2 bedroom is $826. The median Valdosta resident is 29 years old with a yearly income of $21,564. The average family has 3.4 members and a median household income of $32,595. Valdosta has a 26% higher education rate. The unemployment rate in Valdosta is 6.9%.
62.4% of Valdosta households are renters.
38.1% median household income spent on rent.
Bedrooms |
Lowndes County 1 |
Georgia 2 |
National 2 |
|---|---|---|---|
| Studio | $630 | $670 | $737 |
| 1 bedroom | $634 | $698 | $813 |
| 2 bedroom | $826 | $840 | $1,015 |
| 3 bedroom | $1,165 | $1,103 | $1,325 |
| 4 bedroom | $1,430 | $1,302 | $1,521 |
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