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Multifamily Loans in
Winona, MN

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Winona, MN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Winona 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 3.13% - 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 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Winona 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 04, 2021


Multifamily Lenders in Winona, MN

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


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 04, 2021


Winona Market

The city of Winona in Winona County has a population of 26,594. The median rent in Winona County for a 2 bedroom is $807. The median Winona resident is 30 years old with a yearly income of $21,570. The average family has 2.89 members and a median household income of $48,677. Winona has a 34% higher education rate. The unemployment rate in Winona is 4.5%.


Population
26,594 people

County
Winona County

Renters

38.7% of Winona households are renters.


Rent Burden

33.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Winona County 1
Minnesota 2
National 2
Studio $532 $607 $737
1 bedroom $640 $694 $813
2 bedroom $807 $881 $1,015
3 bedroom $1,025 $1,200 $1,325
4 bedroom $1,259 $1,366 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Winona Demographics


Median Individual Income
$21,570 / year

Median Household Income
$48,677 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.5%
Household Income Distribution
Winona, MN

Median Age
30 years

Avg Family Size
2.89 people
Age Distribution
Winona, MN

College Education or Above
34%

STEM College Graduates
40%
Education Distribution
Winona, MN
Source: U.S. Census Bureau

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