Wesley Chapel is located in a good market for 5+ unit multifamily loans. Multifamily loans in Wesley Chapel are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Wesley Chapel are competitive. Wesley Chapel 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 Wesley Chapel.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wesley Chapel 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 Wesley Chapel.
The city of Wesley Chapel in Pasco County has a population of 58,208. The median rent in Pasco County for a 2 bedroom is $1,375. The median Wesley Chapel resident is 37 years old with a yearly income of $39,666. The average family has 3.42 members and a median household income of $84,951. Wesley Chapel has a 42% higher education rate. The unemployment rate in Wesley Chapel is 4.5%.
26% of Wesley Chapel households are renters.
27.2% median household income spent on rent.
Bedrooms |
Pasco County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,070 | $822 | $737 |
| 1 bedroom | $1,125 | $891 | $813 |
| 2 bedroom | $1,375 | $1,089 | $1,015 |
| 3 bedroom | $1,786 | $1,448 | $1,325 |
| 4 bedroom | $2,194 | $1,716 | $1,521 |
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