Loading...

Multifamily Loans in
Willingboro, NJ

Overview

Willingboro is located in a good market for 5+ unit multifamily loans. Multifamily loans in Willingboro are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Willingboro are competitive. Willingboro 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 Willingboro.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Willingboro, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Willingboro 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 3.06% - 3.31%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Willingboro 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 Nov 29, 2021


Multifamily Lenders in Willingboro, NJ

All major multifamily lender types are lending in Willingboro.


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 Nov 29, 2021


Willingboro Market

The city of Willingboro in Burlington County has a population of 31,662. The median rent in Burlington County for a 2 bedroom is $1,358. The median Willingboro resident is 42 years old with a yearly income of $32,179. The average family has 3.39 members and a median household income of $75,428. Willingboro has a 24% higher education rate. The unemployment rate in Willingboro is 10.8%.


Population
31,662 people

County
Burlington County

Renters

20.7% of Willingboro households are renters.


Rent Burden

30.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Burlington County 1
New Jersey 2
National 2
Studio $970 $1,166 $737
1 bedroom $1,121 $1,353 $813
2 bedroom $1,358 $1,671 $1,015
3 bedroom $1,689 $2,131 $1,325
4 bedroom $1,935 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Willingboro Demographics


Median Individual Income
$32,179 / year

Median Household Income
$75,428 / year

Families w/ Dual Incomes
57%

Unemployment Rate
10.8%
Household Income Distribution
Willingboro, NJ

Median Age
42 years

Avg Family Size
3.39 people
Age Distribution
Willingboro, NJ

College Education or Above
24%

STEM College Graduates
42%
Education Distribution
Willingboro, NJ
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day