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Multifamily Loans in
Post Falls, ID

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Post Falls, ID

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Post Falls 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 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Post Falls 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 Post Falls, ID

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


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


Post Falls Market

The city of Post Falls in Kootenai County has a population of 36,250. The median rent in Kootenai County for a 2 bedroom is $1,009. The median Post Falls resident is 34 years old with a yearly income of $27,892. The average family has 3.12 members and a median household income of $54,021. Post Falls has a 20% higher education rate. The unemployment rate in Post Falls is 2.9%.


Population
36,250 people

County
Kootenai County

Renters

27.6% of Post Falls households are renters.


Rent Burden

30.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kootenai County 1
Idaho 2
National 2
Studio $724 $622 $737
1 bedroom $805 $673 $813
2 bedroom $1,009 $863 $1,015
3 bedroom $1,444 $1,204 $1,325
4 bedroom $1,747 $1,409 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Post Falls Demographics


Median Individual Income
$27,892 / year

Median Household Income
$54,021 / year

Families w/ Dual Incomes
51%

Unemployment Rate
2.9%
Household Income Distribution
Post Falls, ID

Median Age
34 years

Avg Family Size
3.12 people
Age Distribution
Post Falls, ID

College Education or Above
20%

STEM College Graduates
39%
Education Distribution
Post Falls, ID
Source: U.S. Census Bureau

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