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Multifamily Loans in
Nixa, MO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Nixa, MO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Nixa 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% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.51% - 3.75%
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 Nixa 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 Nixa, MO

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


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


Nixa Market

The city of Nixa in Christian County has a population of 22,515. The median rent in Christian County for a 2 bedroom is $807. The median Nixa resident is 36 years old with a yearly income of $30,696. The average family has 3.14 members and a median household income of $58,402. Nixa has a 31% higher education rate. The unemployment rate in Nixa is 3.7%.


Population
22,515 people

County
Christian County

Renters

33.3% of Nixa households are renters.


Rent Burden

30.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Christian County 1
Missouri 2
National 2
Studio $627 $535 $737
1 bedroom $631 $594 $813
2 bedroom $807 $761 $1,015
3 bedroom $1,155 $1,010 $1,325
4 bedroom $1,317 $1,155 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Nixa Demographics


Median Individual Income
$30,696 / year

Median Household Income
$58,402 / year

Families w/ Dual Incomes
53%

Unemployment Rate
3.7%
Household Income Distribution
Nixa, MO

Median Age
36 years

Avg Family Size
3.14 people
Age Distribution
Nixa, MO

College Education or Above
31%

STEM College Graduates
37%
Education Distribution
Nixa, MO
Source: U.S. Census Bureau

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