Vancouver is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Vancouver are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Vancouver are some of the lowest nationally. Vancouver 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 Vancouver.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Vancouver 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 | 5.71% - 5.46% |
| 7 Year Fixed | 5.10% - 5.34% |
| 10 Year Fixed | 5.09% - 5.33% |
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 | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Vancouver.
The city of Vancouver in Clark County has a population of 184,463. The median rent in Clark County for a 2 bedroom is $1,620. The median Vancouver resident is 37 years old with a yearly income of $32,362. The average family has 3.07 members and a median household income of $61,714. Vancouver has a 29% higher education rate. The unemployment rate in Vancouver is 5.0%.
48.3% of Vancouver households are renters.
30.6% median household income spent on rent.
Bedrooms |
Clark County 1 |
Washington 2 |
National 2 |
|---|---|---|---|
| Studio | $1,313 | $801 | $737 |
| 1 bedroom | $1,404 | $904 | $813 |
| 2 bedroom | $1,620 | $1,138 | $1,015 |
| 3 bedroom | $2,312 | $1,591 | $1,325 |
| 4 bedroom | $2,802 | $1,874 | $1,521 |
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