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Multifamily Loans in
Winter Haven, FL

Overview

Winter Haven is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Winter Haven are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Winter Haven are slightly higher than the national average. Winter Haven apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Winter Haven.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Winter Haven, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Winter Haven 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Winter Haven 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 03, 2021


Multifamily Lenders in Winter Haven, FL

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


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 03, 2021


Winter Haven Market

The city of Winter Haven in Polk County has a population of 44,955. The median rent in Polk County for a 2 bedroom is $1,099. The median Winter Haven resident is 44 years old with a yearly income of $25,435. The average family has 3.35 members and a median household income of $46,669. Winter Haven has a 20% higher education rate. The unemployment rate in Winter Haven is 5.4%.


Population
44,955 people

County
Polk County

Renters

40.6% of Winter Haven households are renters.


Rent Burden

35.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Polk County 1
Florida 2
National 2
Studio $853 $822 $737
1 bedroom $859 $891 $813
2 bedroom $1,099 $1,089 $1,015
3 bedroom $1,478 $1,448 $1,325
4 bedroom $1,896 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Winter Haven Demographics


Median Individual Income
$25,435 / year

Median Household Income
$46,669 / year

Families w/ Dual Incomes
37%

Unemployment Rate
5.4%
Household Income Distribution
Winter Haven, FL

Median Age
44 years

Avg Family Size
3.35 people
Age Distribution
Winter Haven, FL

College Education or Above
20%

STEM College Graduates
37%
Education Distribution
Winter Haven, FL
Source: U.S. Census Bureau

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