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Multifamily Loans in
Fort Wayne, IN

Overview

Fort Wayne is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Fort Wayne are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Fort Wayne are slightly higher than the national average. Fort Wayne apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Fort Wayne.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Fort Wayne, IN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fort Wayne are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.51% - 3.75%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Fort Wayne may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Lenders in Fort Wayne, IN

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Fort Wayne.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 02, 2021


Fort Wayne Market

The city of Fort Wayne in Allen County has a population of 270,402. The median rent in Allen County for a 2 bedroom is $831. The median Fort Wayne resident is 35 years old with a yearly income of $28,548. The average family has 3.13 members and a median household income of $49,411. Fort Wayne has a 28% higher education rate. The unemployment rate in Fort Wayne is 5.5%.


Population
270,402 people

County
Allen County

Renters

38% of Fort Wayne households are renters.


Rent Burden

28.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Allen County 1
Indiana 2
National 2
Studio $557 $593 $737
1 bedroom $669 $666 $813
2 bedroom $831 $840 $1,015
3 bedroom $1,064 $1,099 $1,325
4 bedroom $1,174 $1,251 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Fort Wayne Demographics


Median Individual Income
$28,548 / year

Median Household Income
$49,411 / year

Families w/ Dual Incomes
53%

Unemployment Rate
5.5%
Household Income Distribution
Fort Wayne, IN

Median Age
35 years

Avg Family Size
3.13 people
Age Distribution
Fort Wayne, IN

College Education or Above
28%

STEM College Graduates
40%
Education Distribution
Fort Wayne, IN
Source: U.S. Census Bureau

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