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Multifamily Loans in
Stevens Point, WI

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Stevens Point, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Stevens Point 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Stevens Point 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 02, 2021


Multifamily Lenders in Stevens Point, WI

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


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 02, 2021


Stevens Point Market

The city of Stevens Point in Portage County has a population of 25,880. The median rent in Portage County for a 2 bedroom is $826. The median Stevens Point resident is 27 years old with a yearly income of $20,280. The average family has 2.85 members and a median household income of $45,471. Stevens Point has a 38% higher education rate. The unemployment rate in Stevens Point is 4.1%.


Population
25,880 people

County
Portage County

Renters

48.7% of Stevens Point households are renters.


Rent Burden

31.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Portage County 1
Wisconsin 2
National 2
Studio $598 $595 $737
1 bedroom $652 $668 $813
2 bedroom $826 $856 $1,015
3 bedroom $1,065 $1,127 $1,325
4 bedroom $1,259 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Stevens Point Demographics


Median Individual Income
$20,280 / year

Median Household Income
$45,471 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.1%
Household Income Distribution
Stevens Point, WI

Median Age
27 years

Avg Family Size
2.85 people
Age Distribution
Stevens Point, WI

College Education or Above
38%

STEM College Graduates
45%
Education Distribution
Stevens Point, WI
Source: U.S. Census Bureau

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