South Valley is located in a good market for 5+ unit multifamily loans. Multifamily loans in South Valley are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in South Valley are competitive. South Valley 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 South Valley.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South Valley are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.93% - 6.08% |
| 7 Year Fixed | 5.99% - 6.14% |
| 10 Year Fixed | 5.99% - 6.14% |
All major multifamily lender types are lending in South Valley.
The city of South Valley in Bernalillo County has a population of 40,080. The median rent in Bernalillo County for a 2 bedroom is $1,013. The median South Valley resident is 41 years old with a yearly income of $21,481. The average family has 3.57 members and a median household income of $39,714. South Valley has a 14% higher education rate. The unemployment rate in South Valley is 7.8%.
26.6% of South Valley households are renters.
34.9% median household income spent on rent.
Bedrooms |
Bernalillo 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 |
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