Bozeman is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Bozeman are considered greater risk due to market dynamics. Interest rates for multifamily loans in Bozeman are higher than the national average. Bozeman 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 Bozeman.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bozeman are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.28% - 5.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bozeman.
The city of Bozeman in Gallatin County has a population of 49,831. The median rent in Gallatin County for a 2 bedroom is $1,198. The median Bozeman resident is 28 years old with a yearly income of $24,703. The average family has 2.8 members and a median household income of $55,569. Bozeman has a 59% higher education rate. The unemployment rate in Bozeman is 3.2%.
56.9% of Bozeman households are renters.
32.7% median household income spent on rent.
Bedrooms |
Gallatin County 1 |
Montana 2 |
National 2 |
|---|---|---|---|
| Studio | $853 | $620 | $737 |
| 1 bedroom | $921 | $690 | $813 |
| 2 bedroom | $1,198 | $877 | $1,015 |
| 3 bedroom | $1,715 | $1,169 | $1,325 |
| 4 bedroom | $2,074 | $1,370 | $1,521 |
We're here to help.