Loading...

Multifamily Loans in
Layton, UT

Overview

Layton is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Layton are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Layton are slightly higher than the national average. Layton apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Layton.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Layton, UT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Layton 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Layton 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 Layton, UT

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


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


Layton Market

The city of Layton in Davis County has a population of 78,014. The median rent in Davis County for a 2 bedroom is $1,085. The median Layton resident is 31 years old with a yearly income of $32,115. The average family has 3.58 members and a median household income of $77,426. Layton has a 34% higher education rate. The unemployment rate in Layton is 3.3%.


Population
78,014 people

County
Davis County

Renters

29.5% of Layton households are renters.


Rent Burden

24.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Davis County 1
Utah 2
National 2
Studio $766 $659 $737
1 bedroom $863 $743 $813
2 bedroom $1,085 $922 $1,015
3 bedroom $1,522 $1,250 $1,325
4 bedroom $1,814 $1,497 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Layton Demographics


Median Individual Income
$32,115 / year

Median Household Income
$77,426 / year

Families w/ Dual Incomes
61%

Unemployment Rate
3.3%
Household Income Distribution
Layton, UT

Median Age
31 years

Avg Family Size
3.58 people
Age Distribution
Layton, UT

College Education or Above
34%

STEM College Graduates
44%
Education Distribution
Layton, UT
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