Wekiwa Springs is located in a good market for 5+ unit multifamily loans. Multifamily loans in Wekiwa Springs are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Wekiwa Springs are competitive. Wekiwa Springs 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 Wekiwa Springs.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wekiwa Springs 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 | 5.44% - 5.68% |
| 7 Year Fixed | 5.28% - 5.52% |
| 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 Wekiwa Springs.
The city of Wekiwa Springs in Seminole County has a population of 23,512. The median rent in Seminole County for a 2 bedroom is $1,422. The median Wekiwa Springs resident is 45 years old with a yearly income of $40,206. The average family has 3.06 members and a median household income of $87,468. Wekiwa Springs has a 50% higher education rate. The unemployment rate in Wekiwa Springs is 5.0%.
22.9% of Wekiwa Springs households are renters.
24.7% median household income spent on rent.
Bedrooms |
Seminole County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,135 | $822 | $737 |
| 1 bedroom | $1,227 | $891 | $813 |
| 2 bedroom | $1,422 | $1,089 | $1,015 |
| 3 bedroom | $1,844 | $1,448 | $1,325 |
| 4 bedroom | $2,215 | $1,716 | $1,521 |
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