Loading...

Multifamily Loans in
Roy, UT

Overview

Roy is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Roy are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Roy are slightly higher than the national average. Roy apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Roy.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Roy, UT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Roy 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Roy 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 Roy, UT

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


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


Roy Market

The city of Roy in Weber County has a population of 39,613. The median rent in Weber County for a 2 bedroom is $1,085. The median Roy resident is 31 years old with a yearly income of $33,168. The average family has 3.51 members and a median household income of $70,032. Roy has a 19% higher education rate. The unemployment rate in Roy is 4.4%.


Population
39,613 people

County
Weber County

Renters

16.2% of Roy households are renters.


Rent Burden

26.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Weber County 1
Utah 2
National 2
Studio $766 $659 $737
1 bedroom $863 $743 $813
2 bedroom $1,085 $922 $1,015
3 bedroom $1,522 $1,250 $1,325
4 bedroom $1,814 $1,497 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Roy Demographics


Median Individual Income
$33,168 / year

Median Household Income
$70,032 / year

Families w/ Dual Incomes
63%

Unemployment Rate
4.4%
Household Income Distribution
Roy, UT

Median Age
31 years

Avg Family Size
3.51 people
Age Distribution
Roy, UT

College Education or Above
19%

STEM College Graduates
39%
Education Distribution
Roy, UT
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day