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Multifamily Loans in
Rio Rancho, NM

Overview

Rio Rancho is located in a good market for 5+ unit multifamily loans. Multifamily loans in Rio Rancho are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Rio Rancho are competitive. Rio Rancho apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Rio Rancho.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Rio Rancho, NM

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rio Rancho 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 $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Rio Rancho 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 Rio Rancho, NM

All major multifamily lender types are lending in Rio Rancho.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


Rio Rancho Market

The city of Rio Rancho in Sandoval County has a population of 99,178. The median rent in Sandoval County for a 2 bedroom is $1,013. The median Rio Rancho resident is 38 years old with a yearly income of $31,230. The average family has 3.24 members and a median household income of $66,856. Rio Rancho has a 30% higher education rate. The unemployment rate in Rio Rancho is 6.7%.


Population
99,178 people

County
Sandoval County

Renters

22.5% of Rio Rancho households are renters.


Rent Burden

32.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Sandoval County 1
New Mexico 2
National 2
Studio $669 $682 $737
1 bedroom $830 $728 $813
2 bedroom $1,013 $898 $1,015
3 bedroom $1,450 $1,212 $1,325
4 bedroom $1,742 $1,440 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Rio Rancho Demographics


Median Individual Income
$31,230 / year

Median Household Income
$66,856 / year

Families w/ Dual Incomes
50%

Unemployment Rate
6.7%
Household Income Distribution
Rio Rancho, NM

Median Age
38 years

Avg Family Size
3.24 people
Age Distribution
Rio Rancho, NM

College Education or Above
30%

STEM College Graduates
44%
Education Distribution
Rio Rancho, NM
Source: U.S. Census Bureau

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