Winter Springs is located in a good market for 5+ unit multifamily loans. Multifamily loans in Winter Springs are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Winter Springs are competitive. Winter 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 Winter Springs.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Winter 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 Winter Springs.
The city of Winter Springs in Seminole County has a population of 37,312. The median rent in Seminole County for a 2 bedroom is $1,422. The median Winter Springs resident is 44 years old with a yearly income of $37,797. The average family has 3.03 members and a median household income of $71,898. Winter Springs has a 45% higher education rate. The unemployment rate in Winter Springs is 4.3%.
22.6% of Winter Springs households are renters.
25.4% 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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