Belton is located in a good market for 5+ unit multifamily loans. Multifamily loans in Belton are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Belton are competitive. Belton 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 Belton.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Belton are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.20% - 6.44% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Belton.
The city of Belton in Cass County has a population of 23,642. The median rent in Cass County for a 2 bedroom is $1,095. The median Belton resident is 36 years old with a yearly income of $31,124. The average family has 3.08 members and a median household income of $62,754. Belton has a 19% higher education rate. The unemployment rate in Belton is 3.3%.
35.4% of Belton households are renters.
28.5% median household income spent on rent.
Bedrooms |
Cass County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $784 | $535 | $737 |
| 1 bedroom | $919 | $594 | $813 |
| 2 bedroom | $1,095 | $761 | $1,015 |
| 3 bedroom | $1,463 | $1,010 | $1,325 |
| 4 bedroom | $1,665 | $1,155 | $1,521 |
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