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Multifamily Loans in
Ankeny, IA

Overview

Ankeny is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Ankeny are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Ankeny are slightly higher than the national average. Ankeny 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 Ankeny.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Ankeny, IA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ankeny are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.51% - 3.75%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.22% - 3.47%
7 Year Fixed 3.39% - 3.84%
10 Year Fixed 3.37% - 3.77%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Ankeny may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Lenders in Ankeny, IA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Ankeny.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Ankeny Market

The city of Ankeny in Polk County has a population of 67,355. The median rent in Polk County for a 2 bedroom is $957. The median Ankeny resident is 32 years old with a yearly income of $42,151. The average family has 3.14 members and a median household income of $86,486. Ankeny has a 51% higher education rate. The unemployment rate in Ankeny is 3.0%.


Population
67,355 people

County
Polk County

Renters

26.2% of Ankeny households are renters.


Rent Burden

24.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Polk County 1
Iowa 2
National 2
Studio $645 $558 $737
1 bedroom $783 $613 $813
2 bedroom $957 $785 $1,015
3 bedroom $1,308 $1,038 $1,325
4 bedroom $1,393 $1,151 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ankeny Demographics


Median Individual Income
$42,151 / year

Median Household Income
$86,486 / year

Families w/ Dual Incomes
68%

Unemployment Rate
3.0%
Household Income Distribution
Ankeny, IA

Median Age
32 years

Avg Family Size
3.14 people
Age Distribution
Ankeny, IA

College Education or Above
51%

STEM College Graduates
37%
Education Distribution
Ankeny, IA
Source: U.S. Census Bureau

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