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Multifamily Loans in
Fairborn, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Fairborn, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fairborn 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 Fairborn 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 Fairborn, OH

All major multifamily lender types are lending in Fairborn.


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


Fairborn Market

The city of Fairborn in Greene County has a population of 33,876. The median rent in Greene County for a 2 bedroom is $891. The median Fairborn resident is 33 years old with a yearly income of $26,367. The average family has 2.91 members and a median household income of $47,440. Fairborn has a 30% higher education rate. The unemployment rate in Fairborn is 7.3%.


Population
33,876 people

County
Greene County

Renters

54.7% of Fairborn households are renters.


Rent Burden

28.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Greene 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

Fairborn Demographics


Median Individual Income
$26,367 / year

Median Household Income
$47,440 / year

Families w/ Dual Incomes
45%

Unemployment Rate
7.3%
Household Income Distribution
Fairborn, OH

Median Age
33 years

Avg Family Size
2.91 people
Age Distribution
Fairborn, OH

College Education or Above
30%

STEM College Graduates
50%
Education Distribution
Fairborn, OH
Source: U.S. Census Bureau

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