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Multifamily Loans in
Williston, ND

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Williston, ND

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

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


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


Williston Market

The city of Williston in Williams County has a population of 29,033. The median rent in Williams County for a 2 bedroom is $959. The median Williston resident is 30 years old with a yearly income of $43,311. The average family has 3.02 members and a median household income of $84,710. Williston has a 25% higher education rate. The unemployment rate in Williston is 2.6%.


Population
29,033 people

County
Williams County

Renters

53.9% of Williston households are renters.


Rent Burden

17.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Williams County 1
North Dakota 2
National 2
Studio $633 $625 $737
1 bedroom $728 $642 $813
2 bedroom $959 $806 $1,015
3 bedroom $1,372 $1,109 $1,325
4 bedroom $1,461 $1,252 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Williston Demographics


Median Individual Income
$43,311 / year

Median Household Income
$84,710 / year

Families w/ Dual Incomes
60%

Unemployment Rate
2.6%
Household Income Distribution
Williston, ND

Median Age
30 years

Avg Family Size
3.02 people
Age Distribution
Williston, ND

College Education or Above
25%

STEM College Graduates
36%
Education Distribution
Williston, ND
Source: U.S. Census Bureau

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