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Multifamily Loans in
Eagle, ID

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Eagle, ID

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Eagle 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 Eagle 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 Eagle, ID

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


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


Eagle Market

The city of Eagle in Ada County has a population of 29,796. The median rent in Ada County for a 2 bedroom is $1,054. The median Eagle resident is 47 years old with a yearly income of $42,640. The average family has 3.11 members and a median household income of $92,807. Eagle has a 47% higher education rate. The unemployment rate in Eagle is 2.0%.


Population
29,796 people

County
Ada County

Renters

14.7% of Eagle households are renters.


Rent Burden

33.1% 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

Eagle Demographics


Median Individual Income
$42,640 / year

Median Household Income
$92,807 / year

Families w/ Dual Incomes
49%

Unemployment Rate
2.0%
Household Income Distribution
Eagle, ID

Median Age
47 years

Avg Family Size
3.11 people
Age Distribution
Eagle, ID

College Education or Above
47%

STEM College Graduates
43%
Education Distribution
Eagle, ID
Source: U.S. Census Bureau

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