Wyoming is located in a good market for 5+ unit multifamily loans. Multifamily loans in Wyoming are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Wyoming are competitive. Wyoming 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 Wyoming.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wyoming are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.70% - 6.94% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Wyoming.
The city of Wyoming in Kent County has a population of 75,667. The median rent in Kent County for a 2 bedroom is $1,059. The median Wyoming resident is 34 years old with a yearly income of $28,451. The average family has 3.25 members and a median household income of $54,328. Wyoming has a 21% higher education rate. The unemployment rate in Wyoming is 4.5%.
34.4% of Wyoming households are renters.
28.9% median household income spent on rent.
Bedrooms |
Kent County 1 |
Michigan 2 |
National 2 |
|---|---|---|---|
| Studio | $787 | $607 | $737 |
| 1 bedroom | $870 | $678 | $813 |
| 2 bedroom | $1,059 | $855 | $1,015 |
| 3 bedroom | $1,395 | $1,118 | $1,325 |
| 4 bedroom | $1,599 | $1,238 | $1,521 |
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