Kaneohe is located in a good market for 5+ unit multifamily loans. Multifamily loans in Kaneohe are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Kaneohe are competitive. Kaneohe 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 Kaneohe.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kaneohe are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.63% - 6.87% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Kaneohe.
The city of Kaneohe in Honolulu County has a population of 33,841. The median rent in Honolulu County for a 2 bedroom is $2,285. The median Kaneohe resident is 42 years old with a yearly income of $42,034. The average family has 3.62 members and a median household income of $108,761. Kaneohe has a 38% higher education rate. The unemployment rate in Kaneohe is 3.1%.
28.8% of Kaneohe households are renters.
31% median household income spent on rent.
Bedrooms |
Honolulu County 1 |
Hawaii 2 |
National 2 |
|---|---|---|---|
| Studio | $1,579 | $1,391 | $737 |
| 1 bedroom | $1,738 | $1,553 | $813 |
| 2 bedroom | $2,285 | $1,987 | $1,015 |
| 3 bedroom | $3,270 | $2,739 | $1,325 |
| 4 bedroom | $3,956 | $3,158 | $1,521 |
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