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Multifamily Loans in
Silverdale, WA

Overview

Silverdale is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Silverdale are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Silverdale are slightly higher than the national average. Silverdale apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Silverdale.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Silverdale, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Silverdale 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.33% - 3.73%
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 Silverdale 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 Silverdale, WA

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


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


Silverdale Market

The city of Silverdale in Kitsap County has a population of 21,677. The median rent in Kitsap County for a 2 bedroom is $1,587. The median Silverdale resident is 36 years old with a yearly income of $40,133. The average family has 2.97 members and a median household income of $77,299. Silverdale has a 34% higher education rate. The unemployment rate in Silverdale is 4.3%.


Population
21,677 people

County
Kitsap County

Renters

47.1% of Silverdale households are renters.


Rent Burden

26.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kitsap County 1
Washington 2
National 2
Studio $1,047 $801 $737
1 bedroom $1,225 $904 $813
2 bedroom $1,587 $1,138 $1,015
3 bedroom $2,226 $1,591 $1,325
4 bedroom $2,573 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Silverdale Demographics


Median Individual Income
$40,133 / year

Median Household Income
$77,299 / year

Families w/ Dual Incomes
54%

Unemployment Rate
4.3%
Household Income Distribution
Silverdale, WA

Median Age
36 years

Avg Family Size
2.97 people
Age Distribution
Silverdale, WA

College Education or Above
34%

STEM College Graduates
50%
Education Distribution
Silverdale, WA
Source: U.S. Census Bureau

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