Loading...

Multifamily Loans in
Winchester, VA

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Winchester, VA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Winchester 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 3.68% - 3.92%
7 Year Fixed 3.57% - 3.81%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Winchester 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 05, 2021


Multifamily Lenders in Winchester, VA

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


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 05, 2021


Winchester Market

The city of Winchester in Winchester city has a population of 28,078. The median rent in Winchester city for a 2 bedroom is $1,142. The median Winchester resident is 38 years old with a yearly income of $28,202. The average family has 3.31 members and a median household income of $58,818. Winchester has a 35% higher education rate. The unemployment rate in Winchester is 3.2%.


Population
28,078 people

County
Winchester city

Renters

55.7% of Winchester households are renters.


Rent Burden

28.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Winchester city 1
Virginia 2
National 2
Studio $873 $833 $737
1 bedroom $879 $897 $813
2 bedroom $1,142 $1,072 $1,015
3 bedroom $1,502 $1,423 $1,325
4 bedroom $1,946 $1,680 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Winchester Demographics


Median Individual Income
$28,202 / year

Median Household Income
$58,818 / year

Families w/ Dual Incomes
54%

Unemployment Rate
3.2%
Household Income Distribution
Winchester, VA

Median Age
38 years

Avg Family Size
3.31 people
Age Distribution
Winchester, VA

College Education or Above
35%

STEM College Graduates
43%
Education Distribution
Winchester, VA
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