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Multifamily Loans in
Villa Park, IL

Overview

Villa Park is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Villa Park are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Villa Park are some of the lowest nationally. Villa Park 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 Villa Park.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Villa Park, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Villa Park 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 $7.5M
5 Year Fixed 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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®
$7.5M to $100M
5 Year Fixed 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
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 Villa Park 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 Villa Park, IL

All major multifamily lender types are lending in Villa Park.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 02, 2021


Villa Park Market

The city of Villa Park in DuPage County has a population of 21,483. The median rent in DuPage County for a 2 bedroom is $1,417. The median Villa Park resident is 38 years old with a yearly income of $38,051. The average family has 3.3 members and a median household income of $77,739. Villa Park has a 35% higher education rate. The unemployment rate in Villa Park is 3.4%.


Population
21,483 people

County
DuPage County

Renters

30.6% of Villa Park households are renters.


Rent Burden

29.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
DuPage 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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Villa Park Demographics


Median Individual Income
$38,051 / year

Median Household Income
$77,739 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.4%
Household Income Distribution
Villa Park, IL

Median Age
38 years

Avg Family Size
3.3 people
Age Distribution
Villa Park, IL

College Education or Above
35%

STEM College Graduates
42%
Education Distribution
Villa Park, IL
Source: U.S. Census Bureau

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