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Multifamily Loans in
Rolla, MO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Rolla, MO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rolla 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 3.13% - 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 Rolla 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 Rolla, MO

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


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


Rolla Market

The city of Rolla in Phelps County has a population of 20,431. The median rent in Phelps County for a 2 bedroom is $783. The median Rolla resident is 26 years old with a yearly income of $19,629. The average family has 2.83 members and a median household income of $37,600. Rolla has a 36% higher education rate. The unemployment rate in Rolla is 5.6%.


Population
20,431 people

County
Phelps County

Renters

59.9% of Rolla households are renters.


Rent Burden

35.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Phelps County 1
Missouri 2
National 2
Studio $540 $535 $737
1 bedroom $594 $594 $813
2 bedroom $783 $761 $1,015
3 bedroom $974 $1,010 $1,325
4 bedroom $1,228 $1,155 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Rolla Demographics


Median Individual Income
$19,629 / year

Median Household Income
$37,600 / year

Families w/ Dual Incomes
46%

Unemployment Rate
5.6%
Household Income Distribution
Rolla, MO

Median Age
26 years

Avg Family Size
2.83 people
Age Distribution
Rolla, MO

College Education or Above
36%

STEM College Graduates
51%
Education Distribution
Rolla, MO
Source: U.S. Census Bureau

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