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Multifamily Loans in
Sierra Vista, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Sierra Vista, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sierra Vista 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 3.15% - 3.40%
7 Year Fixed 3.35% - 3.80%
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 Sierra Vista 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 Sierra Vista, AZ

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


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


Sierra Vista Market

The city of Sierra Vista in Cochise County has a population of 43,045. The median rent in Cochise County for a 2 bedroom is $911. The median Sierra Vista resident is 36 years old with a yearly income of $31,946. The average family has 2.86 members and a median household income of $59,585. Sierra Vista has a 30% higher education rate. The unemployment rate in Sierra Vista is 6.0%.


Population
43,045 people

County
Cochise County

Renters

42.7% of Sierra Vista households are renters.


Rent Burden

26.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cochise County 1
Arizona 2
National 2
Studio $691 $747 $737
1 bedroom $695 $822 $813
2 bedroom $911 $1,038 $1,015
3 bedroom $1,304 $1,433 $1,325
4 bedroom $1,577 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sierra Vista Demographics


Median Individual Income
$31,946 / year

Median Household Income
$59,585 / year

Families w/ Dual Incomes
39%

Unemployment Rate
6.0%
Household Income Distribution
Sierra Vista, AZ

Median Age
36 years

Avg Family Size
2.86 people
Age Distribution
Sierra Vista, AZ

College Education or Above
30%

STEM College Graduates
46%
Education Distribution
Sierra Vista, AZ
Source: U.S. Census Bureau

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