Kalispell is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Kalispell are considered greater risk due to market dynamics. Interest rates for multifamily loans in Kalispell are higher than the national average. Kalispell 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 Kalispell.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kalispell 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 Kalispell.
The city of Kalispell in Flathead County has a population of 24,565. The median rent in Flathead County for a 2 bedroom is $1,013. The median Kalispell resident is 37 years old with a yearly income of $27,459. The average family has 3.15 members and a median household income of $50,294. Kalispell has a 30% higher education rate. The unemployment rate in Kalispell is 5.6%.
39.6% of Kalispell households are renters.
32.8% median household income spent on rent.
Bedrooms |
Flathead County 1 |
Montana 2 |
National 2 |
|---|---|---|---|
| Studio | $668 | $620 | $737 |
| 1 bedroom | $779 | $690 | $813 |
| 2 bedroom | $1,013 | $877 | $1,015 |
| 3 bedroom | $1,450 | $1,169 | $1,325 |
| 4 bedroom | $1,679 | $1,370 | $1,521 |
We're here to help.