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Multifamily Loans in
Centerville, OH

Overview

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.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Centerville, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Centerville are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.24% - 3.49%
7 Year Fixed 3.48% - 3.93%
10 Year Fixed 3.44% - 3.84%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Centerville may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Lenders in Centerville, OH

All major multifamily lender types are lending in Centerville.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Nov 26, 2021


Centerville Market

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%.


Population
23,703 people

County
Montgomery County

Renters

28% of Centerville households are renters.


Rent Burden

28.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Centerville Demographics


Median Individual Income
$38,883 / year

Median Household Income
$73,904 / year

Families w/ Dual Incomes
50%

Unemployment Rate
2.2%
Household Income Distribution
Centerville, OH

Median Age
50 years

Avg Family Size
2.75 people
Age Distribution
Centerville, OH

College Education or Above
54%

STEM College Graduates
45%
Education Distribution
Centerville, OH
Source: U.S. Census Bureau

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