Kahului is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Kahului are considered greater risk due to market dynamics. Interest rates for multifamily loans in Kahului are higher than the national average. Kahului 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 Kahului.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kahului 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 Kahului.
The city of Kahului in Maui County has a population of 31,336. The median rent in Maui County for a 2 bedroom is $1,934. The median Kahului resident is 38 years old with a yearly income of $31,343. The average family has 4.07 members and a median household income of $86,129. Kahului has a 18% higher education rate. The unemployment rate in Kahului is 3.9%.
42.2% of Kahului households are renters.
30.1% median household income spent on rent.
Bedrooms |
Maui County 1 |
Hawaii 2 |
National 2 |
|---|---|---|---|
| Studio | $1,442 | $1,391 | $737 |
| 1 bedroom | $1,537 | $1,553 | $813 |
| 2 bedroom | $1,934 | $1,987 | $1,015 |
| 3 bedroom | $2,686 | $2,739 | $1,325 |
| 4 bedroom | $2,973 | $3,158 | $1,521 |
We're here to help.