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Multifamily Loans in
Twin Falls, ID

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Twin Falls, ID

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Twin Falls 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 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Twin Falls 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 04, 2021


Multifamily Lenders in Twin Falls, ID

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


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 04, 2021


Twin Falls Market

The city of Twin Falls in Twin Falls County has a population of 50,197. The median rent in Twin Falls County for a 2 bedroom is $900. The median Twin Falls resident is 33 years old with a yearly income of $25,812. The average family has 3.19 members and a median household income of $50,739. Twin Falls has a 21% higher education rate. The unemployment rate in Twin Falls is 3.0%.


Population
50,197 people

County
Twin Falls County

Renters

37.1% of Twin Falls households are renters.


Rent Burden

28.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Twin Falls County 1
Idaho 2
National 2
Studio $594 $622 $737
1 bedroom $683 $673 $813
2 bedroom $900 $863 $1,015
3 bedroom $1,270 $1,204 $1,325
4 bedroom $1,485 $1,409 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Twin Falls Demographics


Median Individual Income
$25,812 / year

Median Household Income
$50,739 / year

Families w/ Dual Incomes
57%

Unemployment Rate
3.0%
Household Income Distribution
Twin Falls, ID

Median Age
33 years

Avg Family Size
3.19 people
Age Distribution
Twin Falls, ID

College Education or Above
21%

STEM College Graduates
45%
Education Distribution
Twin Falls, ID
Source: U.S. Census Bureau

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