Fremont is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Fremont are considered greater risk due to market dynamics. Interest rates for multifamily loans in Fremont are higher than the national average. Fremont 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 Fremont.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fremont 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 Fremont.
The city of Fremont in Dodge County has a population of 26,383. The median rent in Dodge County for a 2 bedroom is $877. The median Fremont resident is 37 years old with a yearly income of $27,299. The average family has 2.88 members and a median household income of $49,474. Fremont has a 18% higher education rate. The unemployment rate in Fremont is 5.6%.
43.7% of Fremont households are renters.
25.4% median household income spent on rent.
Bedrooms |
Dodge County 1 |
Nebraska 2 |
National 2 |
|---|---|---|---|
| Studio | $579 | $526 | $737 |
| 1 bedroom | $665 | $616 | $813 |
| 2 bedroom | $877 | $786 | $1,015 |
| 3 bedroom | $1,091 | $1,024 | $1,325 |
| 4 bedroom | $1,196 | $1,140 | $1,521 |
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