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Multifamily Loans in
Marshalltown, IA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Marshalltown, IA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Marshalltown 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 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Marshalltown 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 08, 2021


Multifamily Lenders in Marshalltown, IA

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


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 08, 2021


Marshalltown Market

The city of Marshalltown in Marshall County has a population of 26,666. The median rent in Marshall County for a 2 bedroom is $814. The median Marshalltown resident is 37 years old with a yearly income of $28,872. The average family has 3.19 members and a median household income of $52,035. Marshalltown has a 18% higher education rate. The unemployment rate in Marshalltown is 5.4%.


Population
26,666 people

County
Marshall County

Renters

35.3% of Marshalltown households are renters.


Rent Burden

25.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Marshall County 1
Iowa 2
National 2
Studio $562 $558 $737
1 bedroom $640 $613 $813
2 bedroom $814 $785 $1,015
3 bedroom $1,042 $1,038 $1,325
4 bedroom $1,104 $1,151 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Marshalltown Demographics


Median Individual Income
$28,872 / year

Median Household Income
$52,035 / year

Families w/ Dual Incomes
54%

Unemployment Rate
5.4%
Household Income Distribution
Marshalltown, IA

Median Age
37 years

Avg Family Size
3.19 people
Age Distribution
Marshalltown, IA

College Education or Above
18%

STEM College Graduates
39%
Education Distribution
Marshalltown, IA
Source: U.S. Census Bureau

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