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Multifamily Loans in
Everett, WA

Overview

Everett is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Everett are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Everett are some of the lowest nationally. Everett apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Everett.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Everett, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Everett are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
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 Everett 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 Everett, WA

All major multifamily lender types are lending in Everett.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 08, 2021


Everett Market

The city of Everett in Snohomish County has a population of 111,475. The median rent in Snohomish County for a 2 bedroom is $2,076. The median Everett resident is 36 years old with a yearly income of $32,120. The average family has 3.1 members and a median household income of $60,759. Everett has a 23% higher education rate. The unemployment rate in Everett is 5.2%.


Population
111,475 people

County
Snohomish County

Renters

54.1% of Everett households are renters.


Rent Burden

32.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Snohomish County 1
Washington 2
National 2
Studio $1,659 $801 $737
1 bedroom $1,741 $904 $813
2 bedroom $2,076 $1,138 $1,015
3 bedroom $2,903 $1,591 $1,325
4 bedroom $3,421 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Everett Demographics


Median Individual Income
$32,120 / year

Median Household Income
$60,759 / year

Families w/ Dual Incomes
54%

Unemployment Rate
5.2%
Household Income Distribution
Everett, WA

Median Age
36 years

Avg Family Size
3.1 people
Age Distribution
Everett, WA

College Education or Above
23%

STEM College Graduates
46%
Education Distribution
Everett, WA
Source: U.S. Census Bureau

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