Bella Vista is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Bella Vista are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Bella Vista are slightly higher than the national average. Bella Vista 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 Bella Vista.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bella Vista 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 | 5.53% - 5.77% |
| 7 Year Fixed | 5.27% - 5.51% |
| 10 Year Fixed | 5.13% - 5.37% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bella Vista.
The city of Bella Vista in Benton County has a population of 28,872. The median rent in Benton County for a 2 bedroom is $833. The median Bella Vista resident is 52 years old with a yearly income of $34,468. The average family has 2.71 members and a median household income of $67,550. Bella Vista has a 33% higher education rate. The unemployment rate in Bella Vista is 3.0%.
12.9% of Bella Vista households are renters.
24% median household income spent on rent.
Bedrooms |
Benton County 1 |
Arkansas 2 |
National 2 |
|---|---|---|---|
| Studio | $618 | $535 | $737 |
| 1 bedroom | $660 | $574 | $813 |
| 2 bedroom | $833 | $723 | $1,015 |
| 3 bedroom | $1,192 | $954 | $1,325 |
| 4 bedroom | $1,442 | $1,104 | $1,521 |
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