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Multifamily Loans in
Pocatello, ID

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Pocatello, ID

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pocatello 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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Pocatello 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 04, 2021


Multifamily Lenders in Pocatello, ID

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


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 04, 2021


Pocatello Market

The city of Pocatello in Bannock County has a population of 56,637. The median rent in Bannock County for a 2 bedroom is $817. The median Pocatello resident is 33 years old with a yearly income of $22,790. The average family has 3.27 members and a median household income of $46,617. Pocatello has a 30% higher education rate. The unemployment rate in Pocatello is 5.8%.


Population
56,637 people

County
Bannock County

Renters

37.5% of Pocatello households are renters.


Rent Burden

29.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Bannock County 1
Idaho 2
National 2
Studio $539 $622 $737
1 bedroom $620 $673 $813
2 bedroom $817 $863 $1,015
3 bedroom $1,166 $1,204 $1,325
4 bedroom $1,415 $1,409 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pocatello Demographics


Median Individual Income
$22,790 / year

Median Household Income
$46,617 / year

Families w/ Dual Incomes
52%

Unemployment Rate
5.8%
Household Income Distribution
Pocatello, ID

Median Age
33 years

Avg Family Size
3.27 people
Age Distribution
Pocatello, ID

College Education or Above
30%

STEM College Graduates
48%
Education Distribution
Pocatello, ID
Source: U.S. Census Bureau

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