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Multifamily Loans in
Yuma, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Yuma, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Yuma 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Yuma 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 02, 2021


Multifamily Lenders in Yuma, AZ

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


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 02, 2021


Yuma Market

The city of Yuma in Yuma County has a population of 98,285. The median rent in Yuma County for a 2 bedroom is $991. The median Yuma resident is 32 years old with a yearly income of $26,430. The average family has 3.19 members and a median household income of $47,998. Yuma has a 19% higher education rate. The unemployment rate in Yuma is 9.9%.


Population
98,285 people

County
Yuma County

Renters

38.8% of Yuma households are renters.


Rent Burden

32.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Yuma County 1
Arizona 2
National 2
Studio $711 $747 $737
1 bedroom $754 $822 $813
2 bedroom $991 $1,038 $1,015
3 bedroom $1,412 $1,433 $1,325
4 bedroom $1,716 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Yuma Demographics


Median Individual Income
$26,430 / year

Median Household Income
$47,998 / year

Families w/ Dual Incomes
45%

Unemployment Rate
9.9%
Household Income Distribution
Yuma, AZ

Median Age
32 years

Avg Family Size
3.19 people
Age Distribution
Yuma, AZ

College Education or Above
19%

STEM College Graduates
38%
Education Distribution
Yuma, AZ
Source: U.S. Census Bureau

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