Yorkville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Yorkville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Yorkville are competitive. Yorkville 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 Yorkville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Yorkville 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 | 5.49% - 5.73% |
| 7 Year Fixed | 5.25% - 5.49% |
| 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 Yorkville.
The city of Yorkville in Kendall County has a population of 20,613. The median rent in Kendall County for a 2 bedroom is $1,439. The median Yorkville resident is 33 years old with a yearly income of $41,984. The average family has 3.36 members and a median household income of $97,610. Yorkville has a 34% higher education rate. The unemployment rate in Yorkville is 5.3%.
25.3% of Yorkville households are renters.
26.8% median household income spent on rent.
Bedrooms |
Kendall County 1 |
Illinois 2 |
National 2 |
|---|---|---|---|
| Studio | $1,085 | $599 | $737 |
| 1 bedroom | $1,092 | $669 | $813 |
| 2 bedroom | $1,439 | $840 | $1,015 |
| 3 bedroom | $2,059 | $1,100 | $1,325 |
| 4 bedroom | $2,178 | $1,238 | $1,521 |
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