Loading...

Multifamily Loans in
Walla Walla, WA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Walla Walla, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Walla Walla 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 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Walla Walla 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 08, 2021


Multifamily Lenders in Walla Walla, WA

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


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 08, 2021


Walla Walla Market

The city of Walla Walla in Walla Walla County has a population of 32,900. The median rent in Walla Walla County for a 2 bedroom is $1,172. The median Walla Walla resident is 36 years old with a yearly income of $26,047. The average family has 2.95 members and a median household income of $50,550. Walla Walla has a 27% higher education rate. The unemployment rate in Walla Walla is 4.7%.


Population
32,900 people

County
Walla Walla County

Renters

41.3% of Walla Walla households are renters.


Rent Burden

36.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Walla Walla County 1
Washington 2
National 2
Studio $773 $801 $737
1 bedroom $889 $904 $813
2 bedroom $1,172 $1,138 $1,015
3 bedroom $1,677 $1,591 $1,325
4 bedroom $1,730 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Walla Walla Demographics


Median Individual Income
$26,047 / year

Median Household Income
$50,550 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.7%
Household Income Distribution
Walla Walla, WA

Median Age
36 years

Avg Family Size
2.95 people
Age Distribution
Walla Walla, WA

College Education or Above
27%

STEM College Graduates
51%
Education Distribution
Walla Walla, WA
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