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Multifamily Loans in
Boise, ID

Overview

Boise is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Boise are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Boise are slightly higher than the national average. Boise 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 Boise.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Boise, ID

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Boise are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Boise may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Lenders in Boise, ID

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Boise.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 04, 2021


Boise Market

The city of Boise in Ada County has a population of 228,959. The median rent in Ada County for a 2 bedroom is $1,054. The median Boise resident is 37 years old with a yearly income of $31,508. The average family has 3.13 members and a median household income of $60,035. Boise has a 42% higher education rate. The unemployment rate in Boise is 4.5%.


Population
228,959 people

County
Ada County

Renters

39.1% of Boise households are renters.


Rent Burden

31.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ada County 1
Idaho 2
National 2
Studio $718 $622 $737
1 bedroom $842 $673 $813
2 bedroom $1,054 $863 $1,015
3 bedroom $1,494 $1,204 $1,325
4 bedroom $1,732 $1,409 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Boise Demographics


Median Individual Income
$31,508 / year

Median Household Income
$60,035 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.5%
Household Income Distribution
Boise, ID

Median Age
37 years

Avg Family Size
3.13 people
Age Distribution
Boise, ID

College Education or Above
42%

STEM College Graduates
48%
Education Distribution
Boise, ID
Source: U.S. Census Bureau

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