Fond Du Lac is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Fond Du Lac are considered greater risk due to market dynamics. Interest rates for multifamily loans in Fond Du Lac are higher than the national average. Fond Du Lac 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 Fond Du Lac.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fond Du Lac are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.33% - 7.57% |
| 7 Year Fixed | 6.94% - 7.18% |
| 10 Year Fixed | 6.83% - 7.07% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Fond Du Lac.
The city of Fond Du Lac in Fond du Lac County has a population of 43,263. The median rent in Fond du Lac County for a 2 bedroom is $854. The median Fond Du Lac resident is 39 years old with a yearly income of $29,475. The average family has 2.98 members and a median household income of $52,724. Fond Du Lac has a 24% higher education rate. The unemployment rate in Fond Du Lac is 4.6%.
41.9% of Fond Du Lac households are renters.
25.8% median household income spent on rent.
Bedrooms |
Fond du Lac County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $621 | $595 | $737 |
| 1 bedroom | $660 | $668 | $813 |
| 2 bedroom | $854 | $856 | $1,015 |
| 3 bedroom | $1,144 | $1,127 | $1,325 |
| 4 bedroom | $1,158 | $1,256 | $1,521 |
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