Appleton is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Appleton are considered greater risk due to market dynamics. Interest rates for multifamily loans in Appleton are higher than the national average. Appleton 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 Appleton.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Appleton are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.23% - 5.47% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Appleton.
The city of Appleton in Outagamie County has a population of 74,098. The median rent in Outagamie County for a 2 bedroom is $854. The median Appleton resident is 36 years old with a yearly income of $31,223. The average family has 3.09 members and a median household income of $58,112. Appleton has a 34% higher education rate. The unemployment rate in Appleton is 3.6%.
34.4% of Appleton households are renters.
26.3% median household income spent on rent.
Bedrooms |
Outagamie County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $629 | $595 | $737 |
| 1 bedroom | $659 | $668 | $813 |
| 2 bedroom | $854 | $856 | $1,015 |
| 3 bedroom | $1,173 | $1,127 | $1,325 |
| 4 bedroom | $1,177 | $1,256 | $1,521 |
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