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Multifamily Loans in
Warrensburg, MO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Warrensburg, MO

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

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


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


Warrensburg Market

The city of Warrensburg in Johnson County has a population of 20,418. The median rent in Johnson County for a 2 bedroom is $754. The median Warrensburg resident is 25 years old with a yearly income of $18,005. The average family has 2.98 members and a median household income of $46,315. Warrensburg has a 41% higher education rate. The unemployment rate in Warrensburg is 5.4%.


Population
20,418 people

County
Johnson County

Renters

57.4% of Warrensburg households are renters.


Rent Burden

28.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Johnson County 1
Missouri 2
National 2
Studio $569 $535 $737
1 bedroom $598 $594 $813
2 bedroom $754 $761 $1,015
3 bedroom $1,079 $1,010 $1,325
4 bedroom $1,305 $1,155 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Warrensburg Demographics


Median Individual Income
$18,005 / year

Median Household Income
$46,315 / year

Families w/ Dual Incomes
63%

Unemployment Rate
5.4%
Household Income Distribution
Warrensburg, MO

Median Age
25 years

Avg Family Size
2.98 people
Age Distribution
Warrensburg, MO

College Education or Above
41%

STEM College Graduates
33%
Education Distribution
Warrensburg, MO
Source: U.S. Census Bureau

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