Bettendorf is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Bettendorf are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Bettendorf are slightly higher than the national average. Bettendorf 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 Bettendorf.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bettendorf are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.23% - 7.47% |
| 7 Year Fixed | 6.84% - 7.08% |
| 10 Year Fixed | 6.73% - 6.97% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bettendorf.
The city of Bettendorf in Scott County has a population of 36,543. The median rent in Scott County for a 2 bedroom is $832. The median Bettendorf resident is 40 years old with a yearly income of $42,069. The average family has 3.13 members and a median household income of $82,153. Bettendorf has a 51% higher education rate. The unemployment rate in Bettendorf is 2.9%.
24.9% of Bettendorf households are renters.
24.9% median household income spent on rent.
Bedrooms |
Scott County 1 |
Iowa 2 |
National 2 |
|---|---|---|---|
| Studio | $549 | $558 | $737 |
| 1 bedroom | $665 | $613 | $813 |
| 2 bedroom | $832 | $785 | $1,015 |
| 3 bedroom | $1,111 | $1,038 | $1,325 |
| 4 bedroom | $1,255 | $1,151 | $1,521 |
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