Helena is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Helena are considered greater risk due to market dynamics. Interest rates for multifamily loans in Helena are higher than the national average. Helena 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 Helena.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Helena 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 Helena.
The city of Helena in Lewis and Clark County has a population of 33,124. The median rent in Lewis and Clark County for a 2 bedroom is $1,054. The median Helena resident is 40 years old with a yearly income of $32,491. The average family has 2.83 members and a median household income of $61,324. Helena has a 48% higher education rate. The unemployment rate in Helena is 3.1%.
44.8% of Helena households are renters.
25.2% median household income spent on rent.
Bedrooms |
Lewis and Clark County 1 |
Montana 2 |
National 2 |
|---|---|---|---|
| Studio | $695 | $620 | $737 |
| 1 bedroom | $829 | $690 | $813 |
| 2 bedroom | $1,054 | $877 | $1,015 |
| 3 bedroom | $1,393 | $1,169 | $1,325 |
| 4 bedroom | $1,590 | $1,370 | $1,521 |
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