Bremerton is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Bremerton are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Bremerton are slightly higher than the national average. Bremerton apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Bremerton.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bremerton 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 $6M |
|---|---|
| 5 Year Fixed | 5.53% - 5.77% |
| 7 Year Fixed | 5.17% - 5.41% |
| 10 Year Fixed | 5.18% - 5.42% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bremerton.
The city of Bremerton in Kitsap County has a population of 41,405. The median rent in Kitsap County for a 2 bedroom is $1,587. The median Bremerton resident is 33 years old with a yearly income of $27,934. The average family has 2.9 members and a median household income of $52,716. Bremerton has a 25% higher education rate. The unemployment rate in Bremerton is 6.5%.
56.7% of Bremerton households are renters.
31.7% median household income spent on rent.
Bedrooms |
Kitsap County 1 |
Washington 2 |
National 2 |
|---|---|---|---|
| Studio | $1,047 | $801 | $737 |
| 1 bedroom | $1,225 | $904 | $813 |
| 2 bedroom | $1,587 | $1,138 | $1,015 |
| 3 bedroom | $2,226 | $1,591 | $1,325 |
| 4 bedroom | $2,573 | $1,874 | $1,521 |
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