Mequon is located in a good market for 5+ unit multifamily loans. Multifamily loans in Mequon are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Mequon are competitive. Mequon 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 Mequon.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mequon 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.25% - 5.49% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Mequon.
The city of Mequon in Ozaukee County has a population of 24,382. The median rent in Ozaukee County for a 2 bedroom is $1,033. The median Mequon resident is 48 years old with a yearly income of $46,776. The average family has 2.88 members and a median household income of $116,486. Mequon has a 67% higher education rate. The unemployment rate in Mequon is 2.0%.
15.1% of Mequon households are renters.
25.1% median household income spent on rent.
Bedrooms |
Ozaukee County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $704 | $595 | $737 |
| 1 bedroom | $853 | $668 | $813 |
| 2 bedroom | $1,033 | $856 | $1,015 |
| 3 bedroom | $1,319 | $1,127 | $1,325 |
| 4 bedroom | $1,446 | $1,256 | $1,521 |
We're here to help.