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Multifamily Loans in
Tumwater, WA

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Tumwater, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Tumwater 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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Tumwater 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 05, 2021


Multifamily Lenders in Tumwater, WA

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


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 05, 2021


Tumwater Market

The city of Tumwater in Thurston County has a population of 24,024. The median rent in Thurston County for a 2 bedroom is $1,324. The median Tumwater resident is 37 years old with a yearly income of $36,973. The average family has 2.92 members and a median household income of $69,685. Tumwater has a 40% higher education rate. The unemployment rate in Tumwater is 7.1%.


Population
24,024 people

County
Thurston County

Renters

45% of Tumwater households are renters.


Rent Burden

29.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Thurston County 1
Washington 2
National 2
Studio $1,089 $801 $737
1 bedroom $1,095 $904 $813
2 bedroom $1,324 $1,138 $1,015
3 bedroom $1,895 $1,591 $1,325
4 bedroom $2,292 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Tumwater Demographics


Median Individual Income
$36,973 / year

Median Household Income
$69,685 / year

Families w/ Dual Incomes
54%

Unemployment Rate
7.1%
Household Income Distribution
Tumwater, WA

Median Age
37 years

Avg Family Size
2.92 people
Age Distribution
Tumwater, WA

College Education or Above
40%

STEM College Graduates
44%
Education Distribution
Tumwater, WA
Source: U.S. Census Bureau

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