Loading...

Multifamily Loans in
Kalispell, MT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Kalispell, MT

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

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


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


Kalispell Market

The city of Kalispell in Flathead County has a population of 24,565. The median rent in Flathead County for a 2 bedroom is $1,013. The median Kalispell resident is 37 years old with a yearly income of $27,459. The average family has 3.15 members and a median household income of $50,294. Kalispell has a 30% higher education rate. The unemployment rate in Kalispell is 5.6%.


Population
24,565 people

County
Flathead County

Renters

39.6% of Kalispell households are renters.


Rent Burden

32.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Flathead County 1
Montana 2
National 2
Studio $668 $620 $737
1 bedroom $779 $690 $813
2 bedroom $1,013 $877 $1,015
3 bedroom $1,450 $1,169 $1,325
4 bedroom $1,679 $1,370 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kalispell Demographics


Median Individual Income
$27,459 / year

Median Household Income
$50,294 / year

Families w/ Dual Incomes
59%

Unemployment Rate
5.6%
Household Income Distribution
Kalispell, MT

Median Age
37 years

Avg Family Size
3.15 people
Age Distribution
Kalispell, MT

College Education or Above
30%

STEM College Graduates
38%
Education Distribution
Kalispell, MT
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day