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Multifamily Loans in
Laramie, WY

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Laramie, WY

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

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


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


Laramie Market

The city of Laramie in Albany County has a population of 32,711. The median rent in Albany County for a 2 bedroom is $850. The median Laramie resident is 26 years old with a yearly income of $21,138. The average family has 2.96 members and a median household income of $46,117. Laramie has a 53% higher education rate. The unemployment rate in Laramie is 4.8%.


Population
32,711 people

County
Albany County

Renters

54.7% of Laramie households are renters.


Rent Burden

32.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Albany County 1
Wyoming 2
National 2
Studio $597 $682 $737
1 bedroom $699 $718 $813
2 bedroom $850 $896 $1,015
3 bedroom $1,216 $1,212 $1,325
4 bedroom $1,472 $1,504 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Laramie Demographics


Median Individual Income
$21,138 / year

Median Household Income
$46,117 / year

Families w/ Dual Incomes
69%

Unemployment Rate
4.8%
Household Income Distribution
Laramie, WY

Median Age
26 years

Avg Family Size
2.96 people
Age Distribution
Laramie, WY

College Education or Above
53%

STEM College Graduates
52%
Education Distribution
Laramie, WY
Source: U.S. Census Bureau

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