Silverdale is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Silverdale are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Silverdale are slightly higher than the national average. Silverdale 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 Silverdale.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Silverdale 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 Silverdale.
The city of Silverdale in Kitsap County has a population of 21,677. The median rent in Kitsap County for a 2 bedroom is $1,587. The median Silverdale resident is 36 years old with a yearly income of $40,133. The average family has 2.97 members and a median household income of $77,299. Silverdale has a 34% higher education rate. The unemployment rate in Silverdale is 4.3%.
47.1% of Silverdale households are renters.
26.6% 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 |
We're here to help.