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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sheboygan 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 $6M |
|---|---|
| 5 Year Fixed | 7.33% - 7.57% |
| 7 Year Fixed | 6.94% - 7.18% |
| 10 Year Fixed | 6.83% - 7.07% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Sheboygan.
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%.
40.3% of Sheboygan households are renters.
24.5% median household income spent on rent.
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 |
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