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.
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 | 6.74% - 7.48% |
| 7 Year Fixed | 6.70% - 7.21% |
| 10 Year Fixed | 6.71% - 7.11% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.55% - 6.79% |
| 10 Year Fixed | 6.59% - 6.83% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.54% - 7.28% |
| 7 Year Fixed | 6.50% - 7.01% |
| 10 Year Fixed | 6.51% - 6.91% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in North Lynnwood.
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%.
56.8% of North Lynnwood households are renters.
30.9% median household income spent on rent.
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 |
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