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Multifamily Loans in
Woodridge, IL

Overview

Woodridge is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Woodridge are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Woodridge are some of the lowest nationally. Woodridge 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 Woodridge.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Woodridge, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Woodridge 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Woodridge 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 02, 2021


Multifamily Lenders in Woodridge, IL

All major multifamily lender types are lending in Woodridge.


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 Dec 02, 2021


Woodridge Market

The city of Woodridge in DuPage County has a population of 33,432. The median rent in DuPage County for a 2 bedroom is $1,417. The median Woodridge resident is 38 years old with a yearly income of $43,654. The average family has 3.14 members and a median household income of $86,094. Woodridge has a 51% higher education rate. The unemployment rate in Woodridge is 3.7%.


Population
33,432 people

County
DuPage County

Renters

34.4% of Woodridge households are renters.


Rent Burden

28.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
DuPage County 1
Illinois 2
National 2
Studio $1,104 $599 $737
1 bedroom $1,224 $669 $813
2 bedroom $1,417 $840 $1,015
3 bedroom $1,799 $1,100 $1,325
4 bedroom $2,147 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Woodridge Demographics


Median Individual Income
$43,654 / year

Median Household Income
$86,094 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.7%
Household Income Distribution
Woodridge, IL

Median Age
38 years

Avg Family Size
3.14 people
Age Distribution
Woodridge, IL

College Education or Above
51%

STEM College Graduates
49%
Education Distribution
Woodridge, IL
Source: U.S. Census Bureau

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