Loading...

Multifamily Loans in
Pueblo, CO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Pueblo, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pueblo 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.73% - 3.97%
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 Pueblo 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 Pueblo, CO

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


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


Pueblo Market

The city of Pueblo in Pueblo County has a population of 112,361. The median rent in Pueblo County for a 2 bedroom is $886. The median Pueblo resident is 38 years old with a yearly income of $22,900. The average family has 3.12 members and a median household income of $40,450. Pueblo has a 19% higher education rate. The unemployment rate in Pueblo is 8.4%.


Population
112,361 people

County
Pueblo County

Renters

43.4% of Pueblo households are renters.


Rent Burden

37% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pueblo County 1
Colorado 2
National 2
Studio $669 $873 $737
1 bedroom $672 $932 $813
2 bedroom $886 $1,168 $1,015
3 bedroom $1,185 $1,570 $1,325
4 bedroom $1,399 $1,825 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pueblo Demographics


Median Individual Income
$22,900 / year

Median Household Income
$40,450 / year

Families w/ Dual Incomes
41%

Unemployment Rate
8.4%
Household Income Distribution
Pueblo, CO

Median Age
38 years

Avg Family Size
3.12 people
Age Distribution
Pueblo, CO

College Education or Above
19%

STEM College Graduates
46%
Education Distribution
Pueblo, CO
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day