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Multifamily Loans in
Delaware, OH

Overview

Delaware is located in a good market for 5+ unit multifamily loans. Multifamily loans in Delaware are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Delaware are competitive. Delaware 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 Delaware.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Delaware, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Delaware 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Delaware 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 Dec 08, 2021


Multifamily Lenders in Delaware, OH

All major multifamily lender types are lending in Delaware.


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 Dec 08, 2021


Delaware Market

The city of Delaware in Delaware County has a population of 41,283. The median rent in Delaware County for a 2 bedroom is $1,105. The median Delaware resident is 36 years old with a yearly income of $32,492. The average family has 3.31 members and a median household income of $69,087. Delaware has a 36% higher education rate. The unemployment rate in Delaware is 3.9%.


Population
41,283 people

County
Delaware County

Renters

37.9% of Delaware households are renters.


Rent Burden

29.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Delaware County 1
Ohio 2
National 2
Studio $768 $597 $737
1 bedroom $886 $662 $813
2 bedroom $1,105 $834 $1,015
3 bedroom $1,391 $1,084 $1,325
4 bedroom $1,574 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Delaware Demographics


Median Individual Income
$32,492 / year

Median Household Income
$69,087 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.9%
Household Income Distribution
Delaware, OH

Median Age
36 years

Avg Family Size
3.31 people
Age Distribution
Delaware, OH

College Education or Above
36%

STEM College Graduates
43%
Education Distribution
Delaware, OH
Source: U.S. Census Bureau

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