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Multifamily Loans in
Oswego, IL

Overview

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.

Get multifamily loan quotes for Feb 13, 2025


Multifamily Loan Rates in Oswego, IL

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%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 02/12/2025. This is not an offer or commitment to lend. Multifamily loan rates in Oswego 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 Feb 13, 2025


Multifamily Lenders in Oswego, IL

All major multifamily lender types are lending in Oswego.


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 Feb 13, 2025


Oswego Market

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%.


Population
36,252 people

County
Kendall County

Renters
14.1%

14.1% of Oswego households are renters.


Rent Burden
33.8%

33.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oswego Demographics


Median Individual Income
$40,725 / year

Median Household Income
$102,110 / year

Families w/ Dual Incomes
70%

Unemployment Rate
3.6%
Household Income Distribution
Oswego, IL
Under 35kUnder 35k25k-35k25k-35k35k-50k35k-50k75k-100k75k-100k100k-150k100k-150k150k+150k+6.68.117.616.425.925.430.024.018.012.06.00.0
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Median Age
37 years

Avg Family Size
3.47 people
Age Distribution
Oswego, IL
Under 10Under 1010-1910-1920's20's30's30's40's40's50's50's60's60's70's70'sOver 80Over 8014.716.811.910.818.114.973.72.220.015.010.05.00.0
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College Education or Above
46%

STEM College Graduates
34%
Education Distribution
Oswego, IL
< High School< High SchoolHigh SchoolHigh SchoolSome CollegeSome CollegeBachelor'sBachelor'sGraduateGraduate7.416.430.328.217.732.024.016.08.00.0
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Source: U.S. Census Bureau

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