Moscow is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Moscow are considered greater risk due to market dynamics. Interest rates for multifamily loans in Moscow are higher than the national average. Moscow 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 Moscow.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Moscow are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.28% - 7.52% |
| 7 Year Fixed | 6.79% - 7.03% |
| 10 Year Fixed | 6.88% - 7.12% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Moscow.
The city of Moscow in Latah County has a population of 25,702. The median rent in Latah County for a 2 bedroom is $828. The median Moscow resident is 25 years old with a yearly income of $18,312. The average family has 2.94 members and a median household income of $41,896. Moscow has a 56% higher education rate. The unemployment rate in Moscow is 5.1%.
59.2% of Moscow households are renters.
29.8% median household income spent on rent.
Bedrooms |
Latah County 1 |
Idaho 2 |
National 2 |
|---|---|---|---|
| Studio | $560 | $622 | $737 |
| 1 bedroom | $663 | $673 | $813 |
| 2 bedroom | $828 | $863 | $1,015 |
| 3 bedroom | $1,185 | $1,204 | $1,325 |
| 4 bedroom | $1,434 | $1,409 | $1,521 |
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