Pueblo West is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Pueblo West are considered greater risk due to market dynamics. Interest rates for multifamily loans in Pueblo West are higher than the national average. Pueblo West 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 West.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pueblo West are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.33% - 7.57% |
| 7 Year Fixed | 6.94% - 7.18% |
| 10 Year Fixed | 6.88% - 7.12% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Pueblo West.
The city of Pueblo West in Pueblo County has a population of 31,849. The median rent in Pueblo County for a 2 bedroom is $886. The median Pueblo West resident is 40 years old with a yearly income of $32,556. The average family has 3.19 members and a median household income of $71,553. Pueblo West has a 28% higher education rate. The unemployment rate in Pueblo West is 4.3%.
18.6% of Pueblo West households are renters.
26.9% median household income spent on rent.
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 |
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