Yuma is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Yuma are considered greater risk due to market dynamics. Interest rates for multifamily loans in Yuma are higher than the national average. Yuma 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 Yuma.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Yuma 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 | 5.63% - 5.87% |
| 7 Year Fixed | 5.24% - 5.48% |
| 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 Yuma.
The city of Yuma in Yuma County has a population of 98,285. The median rent in Yuma County for a 2 bedroom is $991. The median Yuma resident is 32 years old with a yearly income of $26,430. The average family has 3.19 members and a median household income of $47,998. Yuma has a 19% higher education rate. The unemployment rate in Yuma is 9.9%.
38.8% of Yuma households are renters.
32.7% median household income spent on rent.
Bedrooms |
Yuma County 1 |
Arizona 2 |
National 2 |
|---|---|---|---|
| Studio | $711 | $747 | $737 |
| 1 bedroom | $754 | $822 | $813 |
| 2 bedroom | $991 | $1,038 | $1,015 |
| 3 bedroom | $1,412 | $1,433 | $1,325 |
| 4 bedroom | $1,716 | $1,597 | $1,521 |
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