Loading...

Multifamily Loans in
Evans, CO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Evans, CO

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

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


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


Evans Market

The city of Evans in Weld County has a population of 21,205. The median rent in Weld County for a 2 bedroom is $1,270. The median Evans resident is 29 years old with a yearly income of $30,538. The average family has 3.48 members and a median household income of $59,527. Evans has a 15% higher education rate. The unemployment rate in Evans is 3.4%.


Population
21,205 people

County
Weld County

Renters

38.3% of Evans households are renters.


Rent Burden

31% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Weld County 1
Colorado 2
National 2
Studio $887 $873 $737
1 bedroom $1,005 $932 $813
2 bedroom $1,270 $1,168 $1,015
3 bedroom $1,818 $1,570 $1,325
4 bedroom $2,132 $1,825 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Evans Demographics


Median Individual Income
$30,538 / year

Median Household Income
$59,527 / year

Families w/ Dual Incomes
57%

Unemployment Rate
3.4%
Household Income Distribution
Evans, CO

Median Age
29 years

Avg Family Size
3.48 people
Age Distribution
Evans, CO

College Education or Above
15%

STEM College Graduates
55%
Education Distribution
Evans, CO
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