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Multifamily Loans in
Sedalia, MO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Sedalia, MO

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

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


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


Sedalia Market

The city of Sedalia in Pettis County has a population of 21,629. The median rent in Pettis County for a 2 bedroom is $760. The median Sedalia resident is 36 years old with a yearly income of $22,619. The average family has 3.13 members and a median household income of $39,804. Sedalia has a 16% higher education rate. The unemployment rate in Sedalia is 8.8%.


Population
21,629 people

County
Pettis County

Renters

42.1% of Sedalia households are renters.


Rent Burden

30.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pettis County 1
Missouri 2
National 2
Studio $553 $535 $737
1 bedroom $609 $594 $813
2 bedroom $760 $761 $1,015
3 bedroom $1,003 $1,010 $1,325
4 bedroom $1,031 $1,155 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sedalia Demographics


Median Individual Income
$22,619 / year

Median Household Income
$39,804 / year

Families w/ Dual Incomes
49%

Unemployment Rate
8.8%
Household Income Distribution
Sedalia, MO

Median Age
36 years

Avg Family Size
3.13 people
Age Distribution
Sedalia, MO

College Education or Above
16%

STEM College Graduates
29%
Education Distribution
Sedalia, MO
Source: U.S. Census Bureau

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