Bullhead City is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Bullhead City are considered greater risk due to market dynamics. Interest rates for multifamily loans in Bullhead City are higher than the national average. Bullhead City 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 Bullhead City.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bullhead City 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 | 5.63% - 5.87% |
| 7 Year Fixed | 5.24% - 5.48% |
| 10 Year Fixed | 5.28% - 5.52% |
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 | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bullhead City.
The city of Bullhead City in Mohave County has a population of 40,884. The median rent in Mohave County for a 2 bedroom is $962. The median Bullhead City resident is 52 years old with a yearly income of $22,613. The average family has 2.83 members and a median household income of $41,507. Bullhead City has a 10% higher education rate. The unemployment rate in Bullhead City is 8.5%.
42.5% of Bullhead City households are renters.
28.9% median household income spent on rent.
Bedrooms |
Mohave County 1 |
Arizona 2 |
National 2 |
|---|---|---|---|
| Studio | $686 | $747 | $737 |
| 1 bedroom | $770 | $822 | $813 |
| 2 bedroom | $962 | $1,038 | $1,015 |
| 3 bedroom | $1,377 | $1,433 | $1,325 |
| 4 bedroom | $1,517 | $1,597 | $1,521 |
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