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Multifamily Loans in
Rock Springs, WY

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Rock Springs, WY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rock Springs 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 3.73% - 3.97%
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 Rock Springs 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 Rock Springs, WY

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


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


Rock Springs Market

The city of Rock Springs in Sweetwater County has a population of 22,653. The median rent in Sweetwater County for a 2 bedroom is $906. The median Rock Springs resident is 34 years old with a yearly income of $38,379. The average family has 3.37 members and a median household income of $76,722. Rock Springs has a 27% higher education rate. The unemployment rate in Rock Springs is 4.9%.


Population
22,653 people

County
Sweetwater County

Renters

25.6% of Rock Springs households are renters.


Rent Burden

24.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Sweetwater County 1
Wyoming 2
National 2
Studio $707 $682 $737
1 bedroom $778 $718 $813
2 bedroom $906 $896 $1,015
3 bedroom $1,297 $1,212 $1,325
4 bedroom $1,569 $1,504 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Rock Springs Demographics


Median Individual Income
$38,379 / year

Median Household Income
$76,722 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.9%
Household Income Distribution
Rock Springs, WY

Median Age
34 years

Avg Family Size
3.37 people
Age Distribution
Rock Springs, WY

College Education or Above
27%

STEM College Graduates
45%
Education Distribution
Rock Springs, WY
Source: U.S. Census Bureau

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