Papillion is located in a good market for 5+ unit multifamily loans. Multifamily loans in Papillion are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Papillion are competitive. Papillion 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 Papillion.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Papillion 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 Papillion.
The city of Papillion in Sarpy County has a population of 20,471. The median rent in Sarpy County for a 2 bedroom is $1,054. The median Papillion resident is 38 years old with a yearly income of $36,062. The average family has 3.11 members and a median household income of $80,619. Papillion has a 37% higher education rate. The unemployment rate in Papillion is 2.5%.
33.7% of Papillion households are renters.
23.6% median household income spent on rent.
Bedrooms |
Sarpy County 1 |
Nebraska 2 |
National 2 |
|---|---|---|---|
| Studio | $743 | $526 | $737 |
| 1 bedroom | $852 | $616 | $813 |
| 2 bedroom | $1,054 | $786 | $1,015 |
| 3 bedroom | $1,415 | $1,024 | $1,325 |
| 4 bedroom | $1,578 | $1,140 | $1,521 |
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