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Multifamily Loans in
Kearney, NE

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Kearney, NE

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

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


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


Kearney Market

The city of Kearney in Buffalo County has a population of 33,867. The median rent in Buffalo County for a 2 bedroom is $877. The median Kearney resident is 32 years old with a yearly income of $26,502. The average family has 2.98 members and a median household income of $57,064. Kearney has a 38% higher education rate. The unemployment rate in Kearney is 2.8%.


Population
33,867 people

County
Buffalo County

Renters

40.9% of Kearney households are renters.


Rent Burden

30.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Buffalo County 1
Nebraska 2
National 2
Studio $579 $526 $737
1 bedroom $665 $616 $813
2 bedroom $877 $786 $1,015
3 bedroom $1,198 $1,024 $1,325
4 bedroom $1,518 $1,140 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kearney Demographics


Median Individual Income
$26,502 / year

Median Household Income
$57,064 / year

Families w/ Dual Incomes
64%

Unemployment Rate
2.8%
Household Income Distribution
Kearney, NE

Median Age
32 years

Avg Family Size
2.98 people
Age Distribution
Kearney, NE

College Education or Above
38%

STEM College Graduates
35%
Education Distribution
Kearney, NE
Source: U.S. Census Bureau

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