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Multifamily Loans in
North Lynnwood, WA

Overview

North Lynnwood is located in a strong market for 5+ unit multifamily loans. Multifamily loans in North Lynnwood are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in North Lynnwood are some of the lowest nationally. North Lynnwood 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 North Lynnwood.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in North Lynnwood, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in North Lynnwood are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in North Lynnwood 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 08, 2021


Multifamily Lenders in North Lynnwood, WA

All major multifamily lender types are lending in North Lynnwood.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 08, 2021


North Lynnwood Market

The city of North Lynnwood in Snohomish County has a population of 23,620. The median rent in Snohomish County for a 2 bedroom is $2,076. The median North Lynnwood resident is 32 years old with a yearly income of $37,847. The average family has 3.24 members and a median household income of $73,565. North Lynnwood has a 36% higher education rate. The unemployment rate in North Lynnwood is 4.0%.


Population
23,620 people

County
Snohomish County

Renters

56.8% of North Lynnwood households are renters.


Rent Burden

30.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Snohomish County 1
Washington 2
National 2
Studio $1,659 $801 $737
1 bedroom $1,741 $904 $813
2 bedroom $2,076 $1,138 $1,015
3 bedroom $2,903 $1,591 $1,325
4 bedroom $3,421 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

North Lynnwood Demographics


Median Individual Income
$37,847 / year

Median Household Income
$73,565 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.0%
Household Income Distribution
North Lynnwood, WA

Median Age
32 years

Avg Family Size
3.24 people
Age Distribution
North Lynnwood, WA

College Education or Above
36%

STEM College Graduates
49%
Education Distribution
North Lynnwood, WA
Source: U.S. Census Bureau

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