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Multifamily Loans in
Howard, WI

Overview

Howard is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Howard are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Howard are slightly higher than the national average. Howard 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 Howard.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Howard, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Howard 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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Howard 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 04, 2021


Multifamily Lenders in Howard, WI

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


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 04, 2021


Howard Market

The city of Howard in Brown County has a population of 20,177. The median rent in Brown County for a 2 bedroom is $946. The median Howard resident is 41 years old with a yearly income of $37,683. The average family has 2.93 members and a median household income of $70,385. Howard has a 30% higher education rate. The unemployment rate in Howard is 2.6%.


Population
20,177 people

County
Brown County

Renters

35% of Howard households are renters.


Rent Burden

23.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Brown County 1
Wisconsin 2
National 2
Studio $668 $595 $737
1 bedroom $721 $668 $813
2 bedroom $946 $856 $1,015
3 bedroom $1,337 $1,127 $1,325
4 bedroom $1,352 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Howard Demographics


Median Individual Income
$37,683 / year

Median Household Income
$70,385 / year

Families w/ Dual Incomes
58%

Unemployment Rate
2.6%
Household Income Distribution
Howard, WI

Median Age
41 years

Avg Family Size
2.93 people
Age Distribution
Howard, WI

College Education or Above
30%

STEM College Graduates
42%
Education Distribution
Howard, WI
Source: U.S. Census Bureau

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