Loading...

Multifamily Loans in
South Jordan, UT

Overview

South Jordan is located in a good market for 5+ unit multifamily loans. Multifamily loans in South Jordan are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in South Jordan are competitive. South Jordan apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in South Jordan.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in South Jordan, UT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South Jordan 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 $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in South Jordan 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 02, 2021


Multifamily Lenders in South Jordan, UT

All major multifamily lender types are lending in South Jordan.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 02, 2021


South Jordan Market

The city of South Jordan in Salt Lake County has a population of 76,598. The median rent in Salt Lake County for a 2 bedroom is $1,291. The median South Jordan resident is 33 years old with a yearly income of $42,456. The average family has 3.8 members and a median household income of $104,597. South Jordan has a 42% higher education rate. The unemployment rate in South Jordan is 1.6%.


Population
76,598 people

County
Salt Lake County

Renters

19% of South Jordan households are renters.


Rent Burden

26.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Salt Lake County 1
Utah 2
National 2
Studio $889 $659 $737
1 bedroom $1,073 $743 $813
2 bedroom $1,291 $922 $1,015
3 bedroom $1,812 $1,250 $1,325
4 bedroom $2,029 $1,497 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South Jordan Demographics


Median Individual Income
$42,456 / year

Median Household Income
$104,597 / year

Families w/ Dual Incomes
65%

Unemployment Rate
1.6%
Household Income Distribution
South Jordan, UT

Median Age
33 years

Avg Family Size
3.8 people
Age Distribution
South Jordan, UT

College Education or Above
42%

STEM College Graduates
43%
Education Distribution
South Jordan, 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