Liberty is located in a good market for 5+ unit multifamily loans. Multifamily loans in Liberty are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Liberty are competitive. Liberty apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Liberty.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Liberty are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.20% - 6.44% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Liberty.
The city of Liberty in Clay County has a population of 32,100. The median rent in Clay County for a 2 bedroom is $1,095. The median Liberty resident is 38 years old with a yearly income of $33,870. The average family has 3.24 members and a median household income of $76,577. Liberty has a 39% higher education rate. The unemployment rate in Liberty is 2.5%.
27% of Liberty households are renters.
30.3% median household income spent on rent.
Bedrooms |
Clay County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $784 | $535 | $737 |
| 1 bedroom | $919 | $594 | $813 |
| 2 bedroom | $1,095 | $761 | $1,015 |
| 3 bedroom | $1,463 | $1,010 | $1,325 |
| 4 bedroom | $1,665 | $1,155 | $1,521 |
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