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Multifamily Loans in
Lake Havasu City, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Lake Havasu City, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lake Havasu City 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 3.15% - 3.40%
7 Year Fixed 3.35% - 3.80%
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 Lake Havasu City 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 Lake Havasu City, AZ

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


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


Lake Havasu City Market

The city of Lake Havasu City in Mohave County has a population of 55,865. The median rent in Mohave County for a 2 bedroom is $962. The median Lake Havasu City resident is 54 years old with a yearly income of $27,503. The average family has 2.66 members and a median household income of $53,605. Lake Havasu City has a 16% higher education rate. The unemployment rate in Lake Havasu City is 5.9%.


Population
55,865 people

County
Mohave County

Renters

29.6% of Lake Havasu City households are renters.


Rent Burden

27.2% 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

Lake Havasu City Demographics


Median Individual Income
$27,503 / year

Median Household Income
$53,605 / year

Families w/ Dual Incomes
35%

Unemployment Rate
5.9%
Household Income Distribution
Lake Havasu City, AZ

Median Age
54 years

Avg Family Size
2.66 people
Age Distribution
Lake Havasu City, AZ

College Education or Above
16%

STEM College Graduates
40%
Education Distribution
Lake Havasu City, AZ
Source: U.S. Census Bureau

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