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Multifamily Loans in
Great Falls, MT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Great Falls, MT

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

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


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


Great Falls Market

The city of Great Falls in Cascade County has a population of 58,434. The median rent in Cascade County for a 2 bedroom is $859. The median Great Falls resident is 39 years old with a yearly income of $28,380. The average family has 2.83 members and a median household income of $46,965. Great Falls has a 25% higher education rate. The unemployment rate in Great Falls is 3.8%.


Population
58,434 people

County
Cascade County

Renters

37.4% of Great Falls households are renters.


Rent Burden

29.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cascade County 1
Montana 2
National 2
Studio $648 $620 $737
1 bedroom $652 $690 $813
2 bedroom $859 $877 $1,015
3 bedroom $1,197 $1,169 $1,325
4 bedroom $1,445 $1,370 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Great Falls Demographics


Median Individual Income
$28,380 / year

Median Household Income
$46,965 / year

Families w/ Dual Incomes
51%

Unemployment Rate
3.8%
Household Income Distribution
Great Falls, MT

Median Age
39 years

Avg Family Size
2.83 people
Age Distribution
Great Falls, MT

College Education or Above
25%

STEM College Graduates
42%
Education Distribution
Great Falls, MT
Source: U.S. Census Bureau

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