Loading...

Multifamily Loans in
San Luis, AZ

Overview

San Luis is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in San Luis are considered greater risk due to market dynamics. Interest rates for multifamily loans in San Luis are higher than the national average. San Luis 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 San Luis.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in San Luis, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in San Luis 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in San Luis 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 02, 2021


Multifamily Lenders in San Luis, AZ

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


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 02, 2021


San Luis Market

The city of San Luis in Yuma County has a population of 34,778. The median rent in Yuma County for a 2 bedroom is $991. The median San Luis resident is 30 years old with a yearly income of $17,655. The average family has 3.98 members and a median household income of $37,255. San Luis has a 9% higher education rate. The unemployment rate in San Luis is 14.2%.


Population
34,778 people

County
Yuma County

Renters

30.2% of San Luis households are renters.


Rent Burden

33% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Yuma County 1
Arizona 2
National 2
Studio $711 $747 $737
1 bedroom $754 $822 $813
2 bedroom $991 $1,038 $1,015
3 bedroom $1,412 $1,433 $1,325
4 bedroom $1,716 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

San Luis Demographics


Median Individual Income
$17,655 / year

Median Household Income
$37,255 / year

Families w/ Dual Incomes
56%

Unemployment Rate
14.2%
Household Income Distribution
San Luis, AZ

Median Age
30 years

Avg Family Size
3.98 people
Age Distribution
San Luis, AZ

College Education or Above
9%

STEM College Graduates
36%
Education Distribution
San Luis, AZ
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