Valparaiso is located in a good market for 5+ unit multifamily loans. Multifamily loans in Valparaiso are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Valparaiso are competitive. Valparaiso 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 Valparaiso.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Valparaiso 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 Valparaiso.
The city of Valparaiso in Porter County has a population of 33,897. The median rent in Porter County for a 2 bedroom is $978. The median Valparaiso resident is 36 years old with a yearly income of $30,942. The average family has 2.92 members and a median household income of $59,533. Valparaiso has a 41% higher education rate. The unemployment rate in Valparaiso is 4.7%.
44.3% of Valparaiso households are renters.
31.5% median household income spent on rent.
Bedrooms |
Porter County 1 |
Indiana 2 |
National 2 |
|---|---|---|---|
| Studio | $645 | $593 | $737 |
| 1 bedroom | $794 | $666 | $813 |
| 2 bedroom | $978 | $840 | $1,015 |
| 3 bedroom | $1,216 | $1,099 | $1,325 |
| 4 bedroom | $1,378 | $1,251 | $1,521 |
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