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Multifamily Loans in
Junction City, KS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Junction City, KS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Junction 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 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
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 Junction 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 Junction City, KS

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


Junction City Market

The city of Junction City in Geary County has a population of 21,482. The median rent in Geary County for a 2 bedroom is $984. The median Junction City resident is 28 years old with a yearly income of $30,479. The average family has 3.03 members and a median household income of $53,932. Junction City has a 22% higher education rate. The unemployment rate in Junction City is 4.4%.


Population
21,482 people

County
Geary County

Renters

57.9% of Junction City households are renters.


Rent Burden

24.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Geary County 1
Kansas 2
National 2
Studio $742 $581 $737
1 bedroom $747 $612 $813
2 bedroom $984 $781 $1,015
3 bedroom $1,408 $1,027 $1,325
4 bedroom $1,704 $1,166 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Junction City Demographics


Median Individual Income
$30,479 / year

Median Household Income
$53,932 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.4%
Household Income Distribution
Junction City, KS

Median Age
28 years

Avg Family Size
3.03 people
Age Distribution
Junction City, KS

College Education or Above
22%

STEM College Graduates
33%
Education Distribution
Junction City, KS
Source: U.S. Census Bureau

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