Neenah is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Neenah are considered greater risk due to market dynamics. Interest rates for multifamily loans in Neenah are higher than the national average. Neenah 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 Neenah.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Neenah 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 Neenah.
The city of Neenah in Winnebago County has a population of 26,300. The median rent in Winnebago County for a 2 bedroom is $819. The median Neenah resident is 39 years old with a yearly income of $33,798. The average family has 3.01 members and a median household income of $59,820. Neenah has a 33% higher education rate. The unemployment rate in Neenah is 3.3%.
34.1% of Neenah households are renters.
25.2% median household income spent on rent.
Bedrooms |
Winnebago County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $571 | $595 | $737 |
| 1 bedroom | $638 | $668 | $813 |
| 2 bedroom | $819 | $856 | $1,015 |
| 3 bedroom | $1,106 | $1,127 | $1,325 |
| 4 bedroom | $1,345 | $1,256 | $1,521 |
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