Pullman is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Pullman are considered greater risk due to market dynamics. Interest rates for multifamily loans in Pullman are higher than the national average. Pullman 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 Pullman.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pullman 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 | 7.28% - 7.52% |
| 7 Year Fixed | 6.79% - 7.03% |
| 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 Pullman.
The city of Pullman in Whitman County has a population of 34,506. The median rent in Whitman County for a 2 bedroom is $935. The median Pullman resident is 22 years old with a yearly income of $12,591. The average family has 2.89 members and a median household income of $31,487. Pullman has a 65% higher education rate. The unemployment rate in Pullman is 10.5%.
72.1% of Pullman households are renters.
45.4% median household income spent on rent.
Bedrooms |
Whitman County 1 |
Washington 2 |
National 2 |
|---|---|---|---|
| Studio | $646 | $801 | $737 |
| 1 bedroom | $743 | $904 | $813 |
| 2 bedroom | $935 | $1,138 | $1,015 |
| 3 bedroom | $1,338 | $1,591 | $1,325 |
| 4 bedroom | $1,619 | $1,874 | $1,521 |
We're here to help.