Lake In The Hills is located in a good market for 5+ unit multifamily loans. Multifamily loans in Lake In The Hills are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Lake In The Hills are competitive. Lake In The Hills 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 Lake In The Hills.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lake In The Hills 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 $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.70% - 6.94% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Lake In The Hills.
The city of Lake In The Hills in McHenry County has a population of 28,634. The median rent in McHenry County for a 2 bedroom is $1,417. The median Lake In The Hills resident is 35 years old with a yearly income of $41,869. The average family has 3.4 members and a median household income of $92,872. Lake In The Hills has a 38% higher education rate. The unemployment rate in Lake In The Hills is 3.2%.
18% of Lake In The Hills households are renters.
26.6% median household income spent on rent.
Bedrooms |
McHenry 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 |
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