Casper is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Casper are considered greater risk due to market dynamics. Interest rates for multifamily loans in Casper are higher than the national average. Casper 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 Casper.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Casper 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 Casper.
The city of Casper in Natrona County has a population of 57,931. The median rent in Natrona County for a 2 bedroom is $919. The median Casper resident is 36 years old with a yearly income of $32,531. The average family has 3 members and a median household income of $61,979. Casper has a 25% higher education rate. The unemployment rate in Casper is 3.8%.
35.6% of Casper households are renters.
25.2% median household income spent on rent.
Bedrooms |
Natrona County 1 |
Wyoming 2 |
National 2 |
|---|---|---|---|
| Studio | $628 | $682 | $737 |
| 1 bedroom | $781 | $718 | $813 |
| 2 bedroom | $919 | $896 | $1,015 |
| 3 bedroom | $1,315 | $1,212 | $1,325 |
| 4 bedroom | $1,591 | $1,504 | $1,521 |
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