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Multifamily Loans in
Blue Springs, MO

Overview

Blue Springs is located in a good market for 5+ unit multifamily loans. Multifamily loans in Blue Springs are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Blue Springs are competitive. Blue Springs 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 Blue Springs.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Blue Springs, MO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Blue Springs 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 $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Blue Springs 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 04, 2021


Multifamily Lenders in Blue Springs, MO

All major multifamily lender types are lending in Blue Springs.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


Blue Springs Market

The city of Blue Springs in Jackson County has a population of 55,829. The median rent in Jackson County for a 2 bedroom is $1,095. The median Blue Springs resident is 35 years old with a yearly income of $38,592. The average family has 3.18 members and a median household income of $75,767. Blue Springs has a 35% higher education rate. The unemployment rate in Blue Springs is 3.0%.


Population
55,829 people

County
Jackson County

Renters

28.7% of Blue Springs households are renters.


Rent Burden

25.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jackson 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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Blue Springs Demographics


Median Individual Income
$38,592 / year

Median Household Income
$75,767 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.0%
Household Income Distribution
Blue Springs, MO

Median Age
35 years

Avg Family Size
3.18 people
Age Distribution
Blue Springs, MO

College Education or Above
35%

STEM College Graduates
36%
Education Distribution
Blue Springs, MO
Source: U.S. Census Bureau

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