Centerville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Centerville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Centerville are competitive. Centerville 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 Centerville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Centerville are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.20% - 6.44% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Centerville.
The city of Centerville in Montgomery County has a population of 23,703. The median rent in Montgomery County for a 2 bedroom is $891. The median Centerville resident is 50 years old with a yearly income of $38,883. The average family has 2.75 members and a median household income of $73,904. Centerville has a 54% higher education rate. The unemployment rate in Centerville is 2.2%.
28% of Centerville households are renters.
28.2% median household income spent on rent.
Bedrooms |
Montgomery County 1 |
Ohio 2 |
National 2 |
|---|---|---|---|
| Studio | $600 | $597 | $737 |
| 1 bedroom | $689 | $662 | $813 |
| 2 bedroom | $891 | $834 | $1,015 |
| 3 bedroom | $1,196 | $1,084 | $1,325 |
| 4 bedroom | $1,294 | $1,205 | $1,521 |
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