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Multifamily Loans in
Butte, MT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Butte, MT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Butte 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 Butte 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 Butte, MT

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


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


Butte Market

The city of Butte in Silver Bow County has a population of 34,207. The median rent in Silver Bow County for a 2 bedroom is $894. The median Butte resident is 40 years old with a yearly income of $25,254. The average family has 3.05 members and a median household income of $45,797. Butte has a 27% higher education rate. The unemployment rate in Butte is 4.6%.


Population
34,207 people

County
Silver Bow County

Renters

31.2% of Butte households are renters.


Rent Burden

36.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Silver Bow County 1
Montana 2
National 2
Studio $650 $620 $737
1 bedroom $724 $690 $813
2 bedroom $894 $877 $1,015
3 bedroom $1,112 $1,169 $1,325
4 bedroom $1,236 $1,370 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Butte Demographics


Median Individual Income
$25,254 / year

Median Household Income
$45,797 / year

Families w/ Dual Incomes
52%

Unemployment Rate
4.6%
Household Income Distribution
Butte, MT

Median Age
40 years

Avg Family Size
3.05 people
Age Distribution
Butte, MT

College Education or Above
27%

STEM College Graduates
47%
Education Distribution
Butte, MT
Source: U.S. Census Bureau

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