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.
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 | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.63% - 6.87% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Sun City.
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%.
17.6% of Sun City households are renters.
38.9% median household income spent on rent.
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 |
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