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Multifamily Loans in
Pueblo West, CO

Overview

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.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Pueblo West, CO

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 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 West 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 West, CO

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


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 West Market

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%.


Population
31,849 people

County
Pueblo County

Renters

18.6% of Pueblo West households are renters.


Rent Burden

26.9% 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 West Demographics


Median Individual Income
$32,556 / year

Median Household Income
$71,553 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.3%
Household Income Distribution
Pueblo West, CO

Median Age
40 years

Avg Family Size
3.19 people
Age Distribution
Pueblo West, CO

College Education or Above
28%

STEM College Graduates
45%
Education Distribution
Pueblo West, CO
Source: U.S. Census Bureau

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