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Multifamily Loans in
St. George, UT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in St. George, UT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in St. George 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 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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 St. George 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 St. George, UT

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


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


St. George Market

The city of St. George in Washington County has a population of 89,587. The median rent in Washington County for a 2 bedroom is $1,020. The median St. George resident is 37 years old with a yearly income of $26,529. The average family has 3.22 members and a median household income of $58,259. St. George has a 29% higher education rate. The unemployment rate in St. George is 3.7%.


Population
89,587 people

County
Washington County

Renters

34.4% of St. George households are renters.


Rent Burden

30.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Washington County 1
Utah 2
National 2
Studio $790 $659 $737
1 bedroom $822 $743 $813
2 bedroom $1,020 $922 $1,015
3 bedroom $1,460 $1,250 $1,325
4 bedroom $1,766 $1,497 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

St. George Demographics


Median Individual Income
$26,529 / year

Median Household Income
$58,259 / year

Families w/ Dual Incomes
45%

Unemployment Rate
3.7%
Household Income Distribution
St. George, UT

Median Age
37 years

Avg Family Size
3.22 people
Age Distribution
St. George, UT

College Education or Above
29%

STEM College Graduates
42%
Education Distribution
St. George, UT
Source: U.S. Census Bureau

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