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Multifamily Loans in
Flagstaff, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Flagstaff, AZ

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

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


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


Flagstaff Market

The city of Flagstaff in Coconino County has a population of 75,038. The median rent in Coconino County for a 2 bedroom is $1,429. The median Flagstaff resident is 25 years old with a yearly income of $21,503. The average family has 3.12 members and a median household income of $58,748. Flagstaff has a 47% higher education rate. The unemployment rate in Flagstaff is 7.6%.


Population
75,038 people

County
Coconino County

Renters

52.6% of Flagstaff households are renters.


Rent Burden

38.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Coconino County 1
Arizona 2
National 2
Studio $1,115 $747 $737
1 bedroom $1,154 $822 $813
2 bedroom $1,429 $1,038 $1,015
3 bedroom $1,860 $1,433 $1,325
4 bedroom $2,236 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Flagstaff Demographics


Median Individual Income
$21,503 / year

Median Household Income
$58,748 / year

Families w/ Dual Incomes
61%

Unemployment Rate
7.6%
Household Income Distribution
Flagstaff, AZ

Median Age
25 years

Avg Family Size
3.12 people
Age Distribution
Flagstaff, AZ

College Education or Above
47%

STEM College Graduates
49%
Education Distribution
Flagstaff, AZ
Source: U.S. Census Bureau

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