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Multifamily Loans in
Glen Ellyn, IL

Overview

Glen Ellyn is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Glen Ellyn are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Glen Ellyn are some of the lowest nationally. Glen Ellyn 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 Glen Ellyn.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Glen Ellyn, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Glen Ellyn 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 $7.5M
5 Year Fixed 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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®
$7.5M to $100M
5 Year Fixed 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
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 Glen Ellyn 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 Glen Ellyn, IL

All major multifamily lender types are lending in Glen Ellyn.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 02, 2021


Glen Ellyn Market

The city of Glen Ellyn in DuPage County has a population of 27,714. The median rent in DuPage County for a 2 bedroom is $1,417. The median Glen Ellyn resident is 41 years old with a yearly income of $52,425. The average family has 3.21 members and a median household income of $110,678. Glen Ellyn has a 68% higher education rate. The unemployment rate in Glen Ellyn is 3.3%.


Population
27,714 people

County
DuPage County

Renters

24.5% of Glen Ellyn households are renters.


Rent Burden

31.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
DuPage County 1
Illinois 2
National 2
Studio $1,104 $599 $737
1 bedroom $1,224 $669 $813
2 bedroom $1,417 $840 $1,015
3 bedroom $1,799 $1,100 $1,325
4 bedroom $2,147 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Glen Ellyn Demographics


Median Individual Income
$52,425 / year

Median Household Income
$110,678 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.3%
Household Income Distribution
Glen Ellyn, IL

Median Age
41 years

Avg Family Size
3.21 people
Age Distribution
Glen Ellyn, IL

College Education or Above
68%

STEM College Graduates
40%
Education Distribution
Glen Ellyn, IL
Source: U.S. Census Bureau

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