Sun Prairie is located in a good market for 5+ unit multifamily loans. Multifamily loans in Sun Prairie are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Sun Prairie are competitive. Sun Prairie 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 Sun Prairie.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sun Prairie 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 Sun Prairie.
The city of Sun Prairie in Dane County has a population of 34,661. The median rent in Dane County for a 2 bedroom is $1,306. The median Sun Prairie resident is 37 years old with a yearly income of $41,085. The average family has 3.14 members and a median household income of $77,139. Sun Prairie has a 45% higher education rate. The unemployment rate in Sun Prairie is 1.4%.
40.3% of Sun Prairie households are renters.
25.3% median household income spent on rent.
Bedrooms |
Dane County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $958 | $595 | $737 |
| 1 bedroom | $1,121 | $668 | $813 |
| 2 bedroom | $1,306 | $856 | $1,015 |
| 3 bedroom | $1,770 | $1,127 | $1,325 |
| 4 bedroom | $2,119 | $1,256 | $1,521 |
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