Wausau is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Wausau are considered greater risk due to market dynamics. Interest rates for multifamily loans in Wausau are higher than the national average. Wausau apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Wausau.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wausau 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 $6M |
|---|---|
| 5 Year Fixed | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.23% - 5.47% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Wausau.
The city of Wausau in Marathon County has a population of 38,561. The median rent in Marathon County for a 2 bedroom is $868. The median Wausau resident is 39 years old with a yearly income of $27,814. The average family has 2.88 members and a median household income of $46,824. Wausau has a 29% higher education rate. The unemployment rate in Wausau is 4.0%.
41.9% of Wausau households are renters.
26.8% median household income spent on rent.
Bedrooms |
Marathon County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $573 | $595 | $737 |
| 1 bedroom | $660 | $668 | $813 |
| 2 bedroom | $868 | $856 | $1,015 |
| 3 bedroom | $1,086 | $1,127 | $1,325 |
| 4 bedroom | $1,255 | $1,256 | $1,521 |
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