Green Bay, Wisconsin, a city known for its rich history and passionate football culture, is also a promising landscape for HUD housing loans. The availability of these loans has made homeownership a reality for many residents, contributing to the city's growth and development. The HUD housing loans in Green Bay are not just financial instruments; they are tools for building stronger communities and fostering economic prosperity.

With the local government's commitment to affordable housing and the federal support through HUD, Green Bay has become an attractive destination for families and individuals seeking quality housing at affordable rates. The city's housing market is characterized by a blend of traditional homes, modern apartments, and multifamily units, all within reach thanks to HUD housing loans.

Local Housing Market Overview

The housing market in Green Bay, Wisconsin, is a dynamic entity, reflecting the city's economic resilience and demographic diversity. Housing affordability remains a key focus, with the median home price being significantly lower than the national average. This affordability, coupled with the availability of HUD housing loans, has made homeownership accessible to a larger segment of the population.

Recent housing developments in Green Bay have been geared towards meeting the growing demand for multifamily units. These projects, backed by HUD housing loans, are designed to cater to various income levels, thereby promoting inclusivity and diversity in the local housing market. Data from HUD and local housing authorities indicate a steady increase in the number of HUD-supported housing units in the city.

Economic Landscape and Demographic Trends

Green Bay's economic landscape is as diverse as its population. The city is home to a robust manufacturing sector, a thriving healthcare industry, and a growing technology scene. These sectors not only drive the local economy but also influence the housing market. The presence of major employers in these sectors has led to increased demand for housing, particularly multifamily units.

Demographic trends in Green Bay also play a significant role in shaping the housing market. The city's population is characterized by a mix of young professionals, families, and retirees. This diversity has led to a demand for a variety of housing options, from single-family homes to multifamily units. The availability of HUD housing loans has been instrumental in meeting this demand, ensuring that everyone, regardless of their income level, has access to quality housing.

Today's Interest Rates in Green Bay

Find today's rates in the table below.

Please note that these are only benchmark index rates — each loan product will have a rate that varies depending on the property, the location, the borrower's financial strength and experience, and several other factors.

Our Experts

When it comes to getting a HUD loan for your multifamily property, there are several amazing options. The names of the loans themselves are not particularly descriptive, however — more alphabet soup than proper name — yet they have major differences in purpose, eligibility, and terms.

Our team connects you with lenders across the U.S. to find the best financing terms for your property, even if that ends up being outside the world of HUD financing. It doesn't matter if you're buying or building, renovating or expanding, shopping your loan to multiple lenders puts you in a strong position to pick the financing terms that meet your needs.

Our experienced team of capital markets advisors will source the very best terms from our unparalleled network of lenders to ensure your property gets the best financing terms available. We offer this service completely free of charge.

Looking for more information about Green Bay? Read on below. Otherwise, click the button below, and we'll get right back to you with your free multifamily loan quote.

Current HUD Multifamily Loans in Green Bay

There are a wide range of HUD financing options for multifamily properties in Green Bay. Keep reading to learn which one could be the most suitable for your property.

HUD 223(f) Loans

A HUD 223(f) loan is an extremely versatile financing option that can be used for the acquisition or refinance of a multifamily property with more than five units. With long, fully amortizing terms, fixed interest rates and high LTVs, these loans can be the ideal financing vehicle to acquire a multifamily property.

HUD 221(d)(4) Loans

The HUD 221(d)(4) loan is the highest-leverage, lowest-cost construction loan available for a multifamily development. Offering terms of up to 43 years at a fixed interest rate, this financing is extremely popular with developers for good reason. During construction, the loan is interest-only (for up to three years), and upon completion the note has a fully amortizing, 40-year term.

HUD 223(a)(7) Loans

Fast isn't what most people might think of when they think of getting a HUD multifamily loan. However, a HUD 223(a)(7) loan offers both speed and simplicity, with fewer reports and documentation needed. At the same time, this program offers loans with lengthy, fully amortizing terms, and low, fixed rates in a non-recourse package.

Note that while a HUD 223(a)(7) loan can be a wonderful option, it is only available for properties with existing HUD multifamily debt.

HUD 241(a) Loans

If you need supplemental financing for your apartment building in Green Bay, a HUD 241(a) loan could be a great option. These loans are non-recourse and offer financing at a loan-to-cost ratio of 90% for for-profit entities and 95% for nonprofits. You need an existing HUD loan on your apartment building or healthcare property to qualify.

Interest rates are fixed, and the loan's term length typically will match the term of the senior HUD loan on the property, though in many cases this term can be extended up to 40 years.

HUD 232/223(f) Loans

HUD's healthcare property loan, the 232/223(f) loan, is similar to the previously mentioned HUD 223(f) financing option. Useful for purchasing or refinancing healthcare properties (including skilled nursing and assisted living facilities), the loan does have some restrictions in terms of commercial space. However, the benefits of a 35-year, fully amortizing term at a fixed rate is unparalleled in the healthcare sector.

Think a HUD multifamily loan could be right for your property in Green Bay? Add your details to the form below, and we’ll match you with the best lender — and loan — for your investment strategy.

Multifamily Property Insurance in Green Bay

This part isn't about loans, but it's just as important to your investment's success: insurance.

Multifamily insurance premiums have shot through the roof over the past few years, as I'm sure you know. Whether you own (or plan to own) a market-rate apartment building or an affordable housing property, this will have a huge impact on your profitability — and, worst case, ability to operate at all.

Janover Insurance Group is dedicated to finding the best insurance solutions for your multifamily property in Green Bay, regardless of if it's affordable housing or if you're using a HUD loan. Click to get a free insurance quote for your property — no obligation whatsoever.