Albuquerque is located in a good market for 5+ unit multifamily loans. Multifamily loans in Albuquerque are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Albuquerque are competitive. Albuquerque 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 Albuquerque.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Albuquerque are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Albuquerque.
The city of Albuquerque in Bernalillo County has a population of 560,513. The median rent in Bernalillo County for a 2 bedroom is $1,013. The median Albuquerque resident is 37 years old with a yearly income of $29,538. The average family has 3.23 members and a median household income of $52,911. Albuquerque has a 35% higher education rate. The unemployment rate in Albuquerque is 5.6%.
40.3% of Albuquerque households are renters.
32.7% median household income spent on rent.
Bedrooms |
Bernalillo County 1 |
New Mexico 2 |
National 2 |
|---|---|---|---|
| Studio | $669 | $682 | $737 |
| 1 bedroom | $830 | $728 | $813 |
| 2 bedroom | $1,013 | $898 | $1,015 |
| 3 bedroom | $1,450 | $1,212 | $1,325 |
| 4 bedroom | $1,742 | $1,440 | $1,521 |
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