Anchorage is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Anchorage are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Anchorage are slightly higher than the national average. Anchorage apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Anchorage.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Anchorage are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.53% - 6.77% |
| 7 Year Fixed | 6.24% - 6.48% |
| 10 Year Fixed | 6.33% - 6.57% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.74% - 5.84% |
| 7 Year Fixed | 5.79% - 5.89% |
| 10 Year Fixed | 5.77% - 5.87% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Anchorage.
The city of Anchorage in Anchorage Municipality has a population of 288,000. The median rent in Anchorage Municipality for a 2 bedroom is $1,303. The median Anchorage resident is 34 years old with a yearly income of $38,390. The average family has 3.27 members and a median household income of $84,928. Anchorage has a 36% higher education rate. The unemployment rate in Anchorage is 5.7%.
38.7% of Anchorage households are renters.
27.4% median household income spent on rent.
Bedrooms |
Anchorage Municipality 1 |
Alaska 2 |
National 2 |
|---|---|---|---|
| Studio | $937 | $908 | $737 |
| 1 bedroom | $989 | $1,012 | $813 |
| 2 bedroom | $1,303 | $1,281 | $1,015 |
| 3 bedroom | $1,865 | $1,685 | $1,325 |
| 4 bedroom | $2,256 | $1,938 | $1,521 |
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