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Multifamily Loans in
Bullhead City, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Bullhead City, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bullhead City 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 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Bullhead City 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 02, 2021


Multifamily Lenders in Bullhead City, AZ

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


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 02, 2021


Bullhead City Market

The city of Bullhead City in Mohave County has a population of 40,884. The median rent in Mohave County for a 2 bedroom is $962. The median Bullhead City resident is 52 years old with a yearly income of $22,613. The average family has 2.83 members and a median household income of $41,507. Bullhead City has a 10% higher education rate. The unemployment rate in Bullhead City is 8.5%.


Population
40,884 people

County
Mohave County

Renters

42.5% of Bullhead City households are renters.


Rent Burden

28.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Mohave County 1
Arizona 2
National 2
Studio $686 $747 $737
1 bedroom $770 $822 $813
2 bedroom $962 $1,038 $1,015
3 bedroom $1,377 $1,433 $1,325
4 bedroom $1,517 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bullhead City Demographics


Median Individual Income
$22,613 / year

Median Household Income
$41,507 / year

Families w/ Dual Incomes
33%

Unemployment Rate
8.5%
Household Income Distribution
Bullhead City, AZ

Median Age
52 years

Avg Family Size
2.83 people
Age Distribution
Bullhead City, AZ

College Education or Above
10%

STEM College Graduates
38%
Education Distribution
Bullhead City, AZ
Source: U.S. Census Bureau

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