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Multifamily Loans in
Hays, KS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Hays, KS

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

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


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


Hays Market

The city of Hays in Ellis County has a population of 20,744. The median rent in Ellis County for a 2 bedroom is $775. The median Hays resident is 31 years old with a yearly income of $23,201. The average family has 2.99 members and a median household income of $50,040. Hays has a 40% higher education rate. The unemployment rate in Hays is 3.3%.


Population
20,744 people

County
Ellis County

Renters

44.3% of Hays households are renters.


Rent Burden

28.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ellis County 1
Kansas 2
National 2
Studio $586 $581 $737
1 bedroom $588 $612 $813
2 bedroom $775 $781 $1,015
3 bedroom $969 $1,027 $1,325
4 bedroom $1,312 $1,166 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hays Demographics


Median Individual Income
$23,201 / year

Median Household Income
$50,040 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.3%
Household Income Distribution
Hays, KS

Median Age
31 years

Avg Family Size
2.99 people
Age Distribution
Hays, KS

College Education or Above
40%

STEM College Graduates
35%
Education Distribution
Hays, KS
Source: U.S. Census Bureau

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