Wheat Ridge is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Wheat Ridge are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Wheat Ridge are some of the lowest nationally. Wheat Ridge 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 Wheat Ridge.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wheat Ridge are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.07% - 6.31% |
| 7 Year Fixed | 6.18% - 6.42% |
| 10 Year Fixed | 6.19% - 6.43% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.44% - 5.54% |
| 7 Year Fixed | 5.49% - 5.59% |
| 10 Year Fixed | 5.47% - 5.57% |
All major multifamily lender types are lending in Wheat Ridge.
The city of Wheat Ridge in Jefferson County has a population of 31,324. The median rent in Jefferson County for a 2 bedroom is $1,750. The median Wheat Ridge resident is 41 years old with a yearly income of $33,378. The average family has 2.84 members and a median household income of $57,659. Wheat Ridge has a 36% higher education rate. The unemployment rate in Wheat Ridge is 3.7%.
48.2% of Wheat Ridge households are renters.
30.5% median household income spent on rent.
Bedrooms |
Jefferson County 1 |
Colorado 2 |
National 2 |
|---|---|---|---|
| Studio | $1,286 | $873 | $737 |
| 1 bedroom | $1,422 | $932 | $813 |
| 2 bedroom | $1,750 | $1,168 | $1,015 |
| 3 bedroom | $2,383 | $1,570 | $1,325 |
| 4 bedroom | $2,710 | $1,825 | $1,521 |
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