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Multifamily Loans in
Dodge City, KS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Dodge City, KS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dodge City 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 3.68% - 3.92%
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 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Dodge City 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 08, 2021


Multifamily Lenders in Dodge City, KS

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


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 08, 2021


Dodge City Market

The city of Dodge City in Ford County has a population of 27,104. The median rent in Ford County for a 2 bedroom is $827. The median Dodge City resident is 30 years old with a yearly income of $28,147. The average family has 3.52 members and a median household income of $50,338. Dodge City has a 17% higher education rate. The unemployment rate in Dodge City is 6.0%.


Population
27,104 people

County
Ford County

Renters

41.8% of Dodge City households are renters.


Rent Burden

24.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ford County 1
Kansas 2
National 2
Studio $625 $581 $737
1 bedroom $628 $612 $813
2 bedroom $827 $781 $1,015
3 bedroom $1,094 $1,027 $1,325
4 bedroom $1,184 $1,166 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Dodge City Demographics


Median Individual Income
$28,147 / year

Median Household Income
$50,338 / year

Families w/ Dual Incomes
56%

Unemployment Rate
6.0%
Household Income Distribution
Dodge City, KS

Median Age
30 years

Avg Family Size
3.52 people
Age Distribution
Dodge City, KS

College Education or Above
17%

STEM College Graduates
39%
Education Distribution
Dodge City, KS
Source: U.S. Census Bureau

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