Twentynine Palms is located in a good market for 5+ unit multifamily loans. Multifamily loans in Twentynine Palms are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Twentynine Palms are competitive. Twentynine Palms apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Twentynine Palms.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Twentynine Palms 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.18% - 5.42% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Twentynine Palms.
The city of Twentynine Palms in San Bernardino County has a population of 26,073. The median rent in San Bernardino County for a 2 bedroom is $1,506. The median Twentynine Palms resident is 24 years old with a yearly income of $25,425. The average family has 3.43 members and a median household income of $44,226. Twentynine Palms has a 21% higher education rate. The unemployment rate in Twentynine Palms is 10.4%.
67.9% of Twentynine Palms households are renters.
28.1% median household income spent on rent.
Bedrooms |
San Bernardino County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,035 | $1,137 | $737 |
| 1 bedroom | $1,199 | $1,291 | $813 |
| 2 bedroom | $1,506 | $1,635 | $1,015 |
| 3 bedroom | $2,077 | $2,254 | $1,325 |
| 4 bedroom | $2,567 | $2,613 | $1,521 |
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