Hillsboro is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Hillsboro are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Hillsboro are some of the lowest nationally. Hillsboro 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 Hillsboro.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hillsboro 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 | 5.22% - 5.46% |
| 7 Year Fixed | 5.10% - 5.34% |
| 10 Year Fixed | 5.09% - 5.33% |
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 | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Hillsboro.
The city of Hillsboro in Washington County has a population of 109,128. The median rent in Washington County for a 2 bedroom is $1,620. The median Hillsboro resident is 34 years old with a yearly income of $37,931. The average family has 3.22 members and a median household income of $82,275. Hillsboro has a 42% higher education rate. The unemployment rate in Hillsboro is 4.7%.
46.8% of Hillsboro households are renters.
26.4% median household income spent on rent.
Bedrooms |
Washington County 1 |
Oregon 2 |
National 2 |
|---|---|---|---|
| Studio | $1,313 | $786 | $737 |
| 1 bedroom | $1,404 | $891 | $813 |
| 2 bedroom | $1,620 | $1,112 | $1,015 |
| 3 bedroom | $2,312 | $1,569 | $1,325 |
| 4 bedroom | $2,802 | $1,853 | $1,521 |
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