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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Willingboro are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.34% - 6.58% |
| 7 Year Fixed | 6.18% - 6.42% |
| 10 Year Fixed | 6.19% - 6.43% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Willingboro.
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%.
20.7% of Willingboro households are renters.
30.3% median household income spent on rent.
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 |
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