Loading...

Multifamily Loans in
Fairfield, OH

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Fairfield, OH

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

All major multifamily lender types are lending in Fairfield.


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


Fairfield Market

The city of Fairfield in Butler County has a population of 42,558. The median rent in Butler County for a 2 bedroom is $989. The median Fairfield resident is 38 years old with a yearly income of $32,668. The average family has 3.1 members and a median household income of $60,340. Fairfield has a 29% higher education rate. The unemployment rate in Fairfield is 3.0%.


Population
42,558 people

County
Butler County

Renters

38.3% of Fairfield households are renters.


Rent Burden

25.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Butler County 1
Ohio 2
National 2
Studio $653 $597 $737
1 bedroom $754 $662 $813
2 bedroom $989 $834 $1,015
3 bedroom $1,343 $1,084 $1,325
4 bedroom $1,539 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Fairfield Demographics


Median Individual Income
$32,668 / year

Median Household Income
$60,340 / year

Families w/ Dual Incomes
56%

Unemployment Rate
3.0%
Household Income Distribution
Fairfield, OH

Median Age
38 years

Avg Family Size
3.1 people
Age Distribution
Fairfield, OH

College Education or Above
29%

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

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day