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Multifamily Loans in
Raytown, MO

Overview

Raytown is located in a good market for 5+ unit multifamily loans. Multifamily loans in Raytown are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Raytown are competitive. Raytown apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Raytown.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Raytown, MO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Raytown 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 $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Raytown 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 Raytown, MO

All major multifamily lender types are lending in Raytown.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


Raytown Market

The city of Raytown in Jackson County has a population of 28,991. The median rent in Jackson County for a 2 bedroom is $1,095. The median Raytown resident is 41 years old with a yearly income of $30,461. The average family has 3.1 members and a median household income of $52,662. Raytown has a 23% higher education rate. The unemployment rate in Raytown is 3.9%.


Population
28,991 people

County
Jackson County

Renters

38.1% of Raytown households are renters.


Rent Burden

29.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jackson County 1
Missouri 2
National 2
Studio $784 $535 $737
1 bedroom $919 $594 $813
2 bedroom $1,095 $761 $1,015
3 bedroom $1,463 $1,010 $1,325
4 bedroom $1,665 $1,155 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Raytown Demographics


Median Individual Income
$30,461 / year

Median Household Income
$52,662 / year

Families w/ Dual Incomes
53%

Unemployment Rate
3.9%
Household Income Distribution
Raytown, MO

Median Age
41 years

Avg Family Size
3.1 people
Age Distribution
Raytown, MO

College Education or Above
23%

STEM College Graduates
34%
Education Distribution
Raytown, MO
Source: U.S. Census Bureau

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