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Multifamily Loans in
Sheboygan, WI

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Sheboygan, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sheboygan 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.68% - 3.92%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Sheboygan 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 Sheboygan, WI

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


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


Sheboygan Market

The city of Sheboygan in Sheboygan County has a population of 47,965. The median rent in Sheboygan County for a 2 bedroom is $819. The median Sheboygan resident is 37 years old with a yearly income of $30,280. The average family has 3.08 members and a median household income of $51,104. Sheboygan has a 21% higher education rate. The unemployment rate in Sheboygan is 5.0%.


Population
47,965 people

County
Sheboygan County

Renters

40.3% of Sheboygan households are renters.


Rent Burden

24.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Sheboygan County 1
Wisconsin 2
National 2
Studio $570 $595 $737
1 bedroom $686 $668 $813
2 bedroom $819 $856 $1,015
3 bedroom $1,049 $1,127 $1,325
4 bedroom $1,222 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sheboygan Demographics


Median Individual Income
$30,280 / year

Median Household Income
$51,104 / year

Families w/ Dual Incomes
55%

Unemployment Rate
5.0%
Household Income Distribution
Sheboygan, WI

Median Age
37 years

Avg Family Size
3.08 people
Age Distribution
Sheboygan, WI

College Education or Above
21%

STEM College Graduates
37%
Education Distribution
Sheboygan, WI
Source: U.S. Census Bureau

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