Oswego is located in a good market for 5+ unit multifamily loans. Multifamily loans in Oswego are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Oswego are competitive. Oswego 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 Oswego.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oswego 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 Oswego.
The city of Oswego in Kendall County has a population of 36,252. The median rent in Kendall County for a 2 bedroom is $1,439. The median Oswego resident is 37 years old with a yearly income of $40,725. The average family has 3.47 members and a median household income of $102,110. Oswego has a 46% higher education rate. The unemployment rate in Oswego is 3.6%.
14.1% of Oswego households are renters.
33.8% median household income spent on rent.
Bedrooms |
Kendall County 1 |
Illinois 2 |
National 2 |
|---|---|---|---|
| Studio | $1,085 | $599 | $737 |
| 1 bedroom | $1,092 | $669 | $813 |
| 2 bedroom | $1,439 | $840 | $1,015 |
| 3 bedroom | $2,059 | $1,100 | $1,325 |
| 4 bedroom | $2,178 | $1,238 | $1,521 |
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