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Multifamily Loans in
Bozeman, MT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Bozeman, MT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bozeman 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.73% - 3.97%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Bozeman 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 Bozeman, MT

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


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 04, 2021


Bozeman Market

The city of Bozeman in Gallatin County has a population of 49,831. The median rent in Gallatin County for a 2 bedroom is $1,198. The median Bozeman resident is 28 years old with a yearly income of $24,703. The average family has 2.8 members and a median household income of $55,569. Bozeman has a 59% higher education rate. The unemployment rate in Bozeman is 3.2%.


Population
49,831 people

County
Gallatin County

Renters

56.9% of Bozeman households are renters.


Rent Burden

32.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Gallatin County 1
Montana 2
National 2
Studio $853 $620 $737
1 bedroom $921 $690 $813
2 bedroom $1,198 $877 $1,015
3 bedroom $1,715 $1,169 $1,325
4 bedroom $2,074 $1,370 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bozeman Demographics


Median Individual Income
$24,703 / year

Median Household Income
$55,569 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.2%
Household Income Distribution
Bozeman, MT

Median Age
28 years

Avg Family Size
2.8 people
Age Distribution
Bozeman, MT

College Education or Above
59%

STEM College Graduates
51%
Education Distribution
Bozeman, MT
Source: U.S. Census Bureau

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