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Multifamily Loans in
Kahului, HI

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Kahului, HI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kahului 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 3.13% - 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 Kahului 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 Kahului, HI

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


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


Kahului Market

The city of Kahului in Maui County has a population of 31,336. The median rent in Maui County for a 2 bedroom is $1,934. The median Kahului resident is 38 years old with a yearly income of $31,343. The average family has 4.07 members and a median household income of $86,129. Kahului has a 18% higher education rate. The unemployment rate in Kahului is 3.9%.


Population
31,336 people

County
Maui County

Renters

42.2% of Kahului households are renters.


Rent Burden

30.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Maui County 1
Hawaii 2
National 2
Studio $1,442 $1,391 $737
1 bedroom $1,537 $1,553 $813
2 bedroom $1,934 $1,987 $1,015
3 bedroom $2,686 $2,739 $1,325
4 bedroom $2,973 $3,158 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kahului Demographics


Median Individual Income
$31,343 / year

Median Household Income
$86,129 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.9%
Household Income Distribution
Kahului, HI

Median Age
38 years

Avg Family Size
4.07 people
Age Distribution
Kahului, HI

College Education or Above
18%

STEM College Graduates
47%
Education Distribution
Kahului, HI
Source: U.S. Census Bureau

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