Loading...

Multifamily Loans in
Sun City, AZ

Overview

Sun City is located in a good market for 5+ unit multifamily loans. Multifamily loans in Sun City are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Sun City are competitive. Sun City 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 Sun City.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Sun City, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sun City 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 3.52% - 3.76%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Sun City 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 Sun City, AZ

All major multifamily lender types are lending in Sun City.


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 02, 2021


Sun City Market

The city of Sun City in Maricopa County has a population of 38,877. The median rent in Maricopa County for a 2 bedroom is $1,346. The median Sun City resident is 73 years old with a yearly income of $24,669. The average family has 2.22 members and a median household income of $40,586. Sun City has a 24% higher education rate. The unemployment rate in Sun City is 5.8%.


Population
38,877 people

County
Maricopa County

Renters

17.6% of Sun City households are renters.


Rent Burden

38.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Maricopa County 1
Arizona 2
National 2
Studio $1,004 $747 $737
1 bedroom $1,111 $822 $813
2 bedroom $1,346 $1,038 $1,015
3 bedroom $1,899 $1,433 $1,325
4 bedroom $2,162 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sun City Demographics


Median Individual Income
$24,669 / year

Median Household Income
$40,586 / year

Families w/ Dual Incomes
12%

Unemployment Rate
5.8%
Household Income Distribution
Sun City, AZ

Median Age
73 years

Avg Family Size
2.22 people
Age Distribution
Sun City, AZ

College Education or Above
24%

STEM College Graduates
40%
Education Distribution
Sun City, 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