Pueblo is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Pueblo are considered greater risk due to market dynamics. Interest rates for multifamily loans in Pueblo are higher than the national average. Pueblo 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 Pueblo.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pueblo 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 | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 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 Pueblo.
The city of Pueblo in Pueblo County has a population of 112,361. The median rent in Pueblo County for a 2 bedroom is $886. The median Pueblo resident is 38 years old with a yearly income of $22,900. The average family has 3.12 members and a median household income of $40,450. Pueblo has a 19% higher education rate. The unemployment rate in Pueblo is 8.4%.
43.4% of Pueblo households are renters.
37% median household income spent on rent.
Bedrooms |
Pueblo County 1 |
Colorado 2 |
National 2 |
|---|---|---|---|
| Studio | $669 | $873 | $737 |
| 1 bedroom | $672 | $932 | $813 |
| 2 bedroom | $886 | $1,168 | $1,015 |
| 3 bedroom | $1,185 | $1,570 | $1,325 |
| 4 bedroom | $1,399 | $1,825 | $1,521 |
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