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Multifamily Loans in
Clifton, CO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Clifton, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Clifton 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.73% - 3.97%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Clifton 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 Clifton, CO

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


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


Clifton Market

The city of Clifton in Mesa County has a population of 20,748. The median rent in Mesa County for a 2 bedroom is $1,088. The median Clifton resident is 33 years old with a yearly income of $24,110. The average family has 3.06 members and a median household income of $43,452. Clifton has a 12% higher education rate. The unemployment rate in Clifton is 8.8%.


Population
20,748 people

County
Mesa County

Renters

33.9% of Clifton households are renters.


Rent Burden

44.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Mesa County 1
Colorado 2
National 2
Studio $720 $873 $737
1 bedroom $826 $932 $813
2 bedroom $1,088 $1,168 $1,015
3 bedroom $1,557 $1,570 $1,325
4 bedroom $1,884 $1,825 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Clifton Demographics


Median Individual Income
$24,110 / year

Median Household Income
$43,452 / year

Families w/ Dual Incomes
48%

Unemployment Rate
8.8%
Household Income Distribution
Clifton, CO

Median Age
33 years

Avg Family Size
3.06 people
Age Distribution
Clifton, CO

College Education or Above
12%

STEM College Graduates
51%
Education Distribution
Clifton, CO
Source: U.S. Census Bureau

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