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Multifamily Loans in
Jefferson City, MO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Jefferson City, MO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Jefferson 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 3.13% - 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 Jefferson 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 04, 2021


Multifamily Lenders in Jefferson City, MO

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Jefferson 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 04, 2021


Jefferson City Market

The city of Jefferson City in Cole County has a population of 42,708. The median rent in Cole County for a 2 bedroom is $723. The median Jefferson City resident is 38 years old with a yearly income of $30,776. The average family has 2.98 members and a median household income of $52,253. Jefferson City has a 33% higher education rate. The unemployment rate in Jefferson City is 3.4%.


Population
42,708 people

County
Cole County

Renters

43.4% of Jefferson City households are renters.


Rent Burden

23.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cole County 1
Missouri 2
National 2
Studio $477 $535 $737
1 bedroom $582 $594 $813
2 bedroom $723 $761 $1,015
3 bedroom $1,028 $1,010 $1,325
4 bedroom $1,032 $1,155 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Jefferson City Demographics


Median Individual Income
$30,776 / year

Median Household Income
$52,253 / year

Families w/ Dual Incomes
54%

Unemployment Rate
3.4%
Household Income Distribution
Jefferson City, MO

Median Age
38 years

Avg Family Size
2.98 people
Age Distribution
Jefferson City, MO

College Education or Above
33%

STEM College Graduates
37%
Education Distribution
Jefferson City, MO
Source: U.S. Census Bureau

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