Loading...

Multifamily Loans in
Bremerton, WA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Bremerton, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bremerton 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Bremerton 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 08, 2021


Multifamily Lenders in Bremerton, WA

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


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 08, 2021


Bremerton Market

The city of Bremerton in Kitsap County has a population of 41,405. The median rent in Kitsap County for a 2 bedroom is $1,587. The median Bremerton resident is 33 years old with a yearly income of $27,934. The average family has 2.9 members and a median household income of $52,716. Bremerton has a 25% higher education rate. The unemployment rate in Bremerton is 6.5%.


Population
41,405 people

County
Kitsap County

Renters

56.7% of Bremerton households are renters.


Rent Burden

31.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kitsap County 1
Washington 2
National 2
Studio $1,047 $801 $737
1 bedroom $1,225 $904 $813
2 bedroom $1,587 $1,138 $1,015
3 bedroom $2,226 $1,591 $1,325
4 bedroom $2,573 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bremerton Demographics


Median Individual Income
$27,934 / year

Median Household Income
$52,716 / year

Families w/ Dual Incomes
47%

Unemployment Rate
6.5%
Household Income Distribution
Bremerton, WA

Median Age
33 years

Avg Family Size
2.9 people
Age Distribution
Bremerton, WA

College Education or Above
25%

STEM College Graduates
51%
Education Distribution
Bremerton, WA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day