Winter Haven is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Winter Haven are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Winter Haven are slightly higher than the national average. Winter Haven apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Winter Haven.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Winter Haven 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 | 5.53% - 5.77% |
| 7 Year Fixed | 5.27% - 5.51% |
| 10 Year Fixed | 5.13% - 5.37% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Winter Haven.
The city of Winter Haven in Polk County has a population of 44,955. The median rent in Polk County for a 2 bedroom is $1,099. The median Winter Haven resident is 44 years old with a yearly income of $25,435. The average family has 3.35 members and a median household income of $46,669. Winter Haven has a 20% higher education rate. The unemployment rate in Winter Haven is 5.4%.
40.6% of Winter Haven households are renters.
35.2% median household income spent on rent.
Bedrooms |
Polk County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $853 | $822 | $737 |
| 1 bedroom | $859 | $891 | $813 |
| 2 bedroom | $1,099 | $1,089 | $1,015 |
| 3 bedroom | $1,478 | $1,448 | $1,325 |
| 4 bedroom | $1,896 | $1,716 | $1,521 |
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