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Multifamily Loans in
Kingman, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Kingman, AZ

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

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


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


Kingman Market

The city of Kingman in Mohave County has a population of 31,013. The median rent in Mohave County for a 2 bedroom is $962. The median Kingman resident is 42 years old with a yearly income of $25,780. The average family has 2.91 members and a median household income of $49,029. Kingman has a 19% higher education rate. The unemployment rate in Kingman is 6.4%.


Population
31,013 people

County
Mohave County

Renters

33.3% of Kingman households are renters.


Rent Burden

31.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Mohave County 1
Arizona 2
National 2
Studio $686 $747 $737
1 bedroom $770 $822 $813
2 bedroom $962 $1,038 $1,015
3 bedroom $1,377 $1,433 $1,325
4 bedroom $1,517 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kingman Demographics


Median Individual Income
$25,780 / year

Median Household Income
$49,029 / year

Families w/ Dual Incomes
38%

Unemployment Rate
6.4%
Household Income Distribution
Kingman, AZ

Median Age
42 years

Avg Family Size
2.91 people
Age Distribution
Kingman, AZ

College Education or Above
19%

STEM College Graduates
43%
Education Distribution
Kingman, AZ
Source: U.S. Census Bureau

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