Loveland is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Loveland are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Loveland are slightly higher than the national average. Loveland 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 Loveland.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Loveland 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.29% - 5.53% |
| 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 Loveland.
The city of Loveland in Larimer County has a population of 78,877. The median rent in Larimer County for a 2 bedroom is $1,464. The median Loveland resident is 40 years old with a yearly income of $34,621. The average family has 2.95 members and a median household income of $68,592. Loveland has a 37% higher education rate. The unemployment rate in Loveland is 4.3%.
36.4% of Loveland households are renters.
31.1% median household income spent on rent.
Bedrooms |
Larimer County 1 |
Colorado 2 |
National 2 |
|---|---|---|---|
| Studio | $1,088 | $873 | $737 |
| 1 bedroom | $1,187 | $932 | $813 |
| 2 bedroom | $1,464 | $1,168 | $1,015 |
| 3 bedroom | $2,095 | $1,570 | $1,325 |
| 4 bedroom | $2,535 | $1,825 | $1,521 |
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