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Multifamily Loans in
Wausau, WI

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Wausau, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wausau 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 Wausau 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 Wausau, WI

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


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


Wausau Market

The city of Wausau in Marathon County has a population of 38,561. The median rent in Marathon County for a 2 bedroom is $868. The median Wausau resident is 39 years old with a yearly income of $27,814. The average family has 2.88 members and a median household income of $46,824. Wausau has a 29% higher education rate. The unemployment rate in Wausau is 4.0%.


Population
38,561 people

County
Marathon County

Renters

41.9% of Wausau households are renters.


Rent Burden

26.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Marathon County 1
Wisconsin 2
National 2
Studio $573 $595 $737
1 bedroom $660 $668 $813
2 bedroom $868 $856 $1,015
3 bedroom $1,086 $1,127 $1,325
4 bedroom $1,255 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Wausau Demographics


Median Individual Income
$27,814 / year

Median Household Income
$46,824 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.0%
Household Income Distribution
Wausau, WI

Median Age
39 years

Avg Family Size
2.88 people
Age Distribution
Wausau, WI

College Education or Above
29%

STEM College Graduates
40%
Education Distribution
Wausau, WI
Source: U.S. Census Bureau

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