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Multifamily Loans in
Fountain, CO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Fountain, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fountain 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% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.56% - 3.80%
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 Fountain 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 Fountain, CO

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


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


Fountain Market

The city of Fountain in El Paso County has a population of 30,735. The median rent in El Paso County for a 2 bedroom is $1,306. The median Fountain resident is 30 years old with a yearly income of $33,497. The average family has 3.44 members and a median household income of $64,582. Fountain has a 20% higher education rate. The unemployment rate in Fountain is 6.8%.


Population
30,735 people

County
El Paso County

Renters

35% of Fountain households are renters.


Rent Burden

31.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
El Paso County 1
Colorado 2
National 2
Studio $867 $873 $737
1 bedroom $1,033 $932 $813
2 bedroom $1,306 $1,168 $1,015
3 bedroom $1,869 $1,570 $1,325
4 bedroom $2,261 $1,825 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Fountain Demographics


Median Individual Income
$33,497 / year

Median Household Income
$64,582 / year

Families w/ Dual Incomes
58%

Unemployment Rate
6.8%
Household Income Distribution
Fountain, CO

Median Age
30 years

Avg Family Size
3.44 people
Age Distribution
Fountain, CO

College Education or Above
20%

STEM College Graduates
38%
Education Distribution
Fountain, CO
Source: U.S. Census Bureau

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