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Multifamily Loans in
Rexburg, ID

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Rexburg, ID

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

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


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


Rexburg Market

The city of Rexburg in Madison County has a population of 29,400. The median rent in Madison County for a 2 bedroom is $820. The median Rexburg resident is 23 years old with a yearly income of $11,104. The average family has 3.24 members and a median household income of $31,128. Rexburg has a 40% higher education rate. The unemployment rate in Rexburg is 7.0%.


Population
29,400 people

County
Madison County

Renters

68.1% of Rexburg households are renters.


Rent Burden

43.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Madison County 1
Idaho 2
National 2
Studio $703 $622 $737
1 bedroom $719 $673 $813
2 bedroom $820 $863 $1,015
3 bedroom $1,174 $1,204 $1,325
4 bedroom $1,420 $1,409 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Rexburg Demographics


Median Individual Income
$11,104 / year

Median Household Income
$31,128 / year

Families w/ Dual Incomes
70%

Unemployment Rate
7.0%
Household Income Distribution
Rexburg, ID

Median Age
23 years

Avg Family Size
3.24 people
Age Distribution
Rexburg, ID

College Education or Above
40%

STEM College Graduates
44%
Education Distribution
Rexburg, ID
Source: U.S. Census Bureau

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