Loading...

Multifamily Loans in
Pullman, WA

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Pullman, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pullman 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 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Pullman 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 08, 2021


Multifamily Lenders in Pullman, WA

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


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 08, 2021


Pullman Market

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%.


Population
34,506 people

County
Whitman County

Renters

72.1% of Pullman households are renters.


Rent Burden

45.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pullman Demographics


Median Individual Income
$12,591 / year

Median Household Income
$31,487 / year

Families w/ Dual Incomes
55%

Unemployment Rate
10.5%
Household Income Distribution
Pullman, WA

Median Age
22 years

Avg Family Size
2.89 people
Age Distribution
Pullman, WA

College Education or Above
65%

STEM College Graduates
63%
Education Distribution
Pullman, WA
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