Loading...

Multifamily Loans in
Pittsburg, KS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Pittsburg, KS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pittsburg 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 Pittsburg 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 Pittsburg, KS

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


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


Pittsburg Market

The city of Pittsburg in Crawford County has a population of 20,050. The median rent in Crawford County for a 2 bedroom is $778. The median Pittsburg resident is 26 years old with a yearly income of $18,326. The average family has 3.09 members and a median household income of $34,956. Pittsburg has a 31% higher education rate. The unemployment rate in Pittsburg is 5.7%.


Population
20,050 people

County
Crawford County

Renters

58.5% of Pittsburg households are renters.


Rent Burden

39.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Crawford County 1
Kansas 2
National 2
Studio $586 $581 $737
1 bedroom $590 $612 $813
2 bedroom $778 $781 $1,015
3 bedroom $1,099 $1,027 $1,325
4 bedroom $1,101 $1,166 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pittsburg Demographics


Median Individual Income
$18,326 / year

Median Household Income
$34,956 / year

Families w/ Dual Incomes
49%

Unemployment Rate
5.7%
Household Income Distribution
Pittsburg, KS

Median Age
26 years

Avg Family Size
3.09 people
Age Distribution
Pittsburg, KS

College Education or Above
31%

STEM College Graduates
32%
Education Distribution
Pittsburg, KS
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