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Multifamily Loans in
Clinton, UT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Clinton, UT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Clinton 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Clinton 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 Clinton, UT

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


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


Clinton Market

The city of Clinton in Davis County has a population of 22,499. The median rent in Davis County for a 2 bedroom is $1,085. The median Clinton resident is 30 years old with a yearly income of $37,996. The average family has 3.77 members and a median household income of $82,161. Clinton has a 25% higher education rate. The unemployment rate in Clinton is 2.3%.


Population
22,499 people

County
Davis County

Renters

15% of Clinton households are renters.


Rent Burden

24.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Davis County 1
Utah 2
National 2
Studio $766 $659 $737
1 bedroom $863 $743 $813
2 bedroom $1,085 $922 $1,015
3 bedroom $1,522 $1,250 $1,325
4 bedroom $1,814 $1,497 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Clinton Demographics


Median Individual Income
$37,996 / year

Median Household Income
$82,161 / year

Families w/ Dual Incomes
65%

Unemployment Rate
2.3%
Household Income Distribution
Clinton, UT

Median Age
30 years

Avg Family Size
3.77 people
Age Distribution
Clinton, UT

College Education or Above
25%

STEM College Graduates
45%
Education Distribution
Clinton, UT
Source: U.S. Census Bureau

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