St. Peters is located in a good market for 5+ unit multifamily loans. Multifamily loans in St. Peters are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in St. Peters are competitive. St. Peters 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 St. Peters.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in St. Peters 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.25% - 5.49% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in St. Peters.
The city of St. Peters in St. Charles County has a population of 58,212. The median rent in St. Charles County for a 2 bedroom is $1,005. The median St. Peters resident is 40 years old with a yearly income of $38,381. The average family has 3.11 members and a median household income of $78,786. St. Peters has a 39% higher education rate. The unemployment rate in St. Peters is 3.9%.
18.2% of St. Peters households are renters.
23.4% median household income spent on rent.
Bedrooms |
St. Charles County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $719 | $535 | $737 |
| 1 bedroom | $783 | $594 | $813 |
| 2 bedroom | $1,005 | $761 | $1,015 |
| 3 bedroom | $1,311 | $1,010 | $1,325 |
| 4 bedroom | $1,543 | $1,155 | $1,521 |
We're here to help.