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Multifamily Loans in
Findlay, OH

Overview

Findlay is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Findlay are considered greater risk due to market dynamics. Interest rates for multifamily loans in Findlay are higher than the national average. Findlay apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Findlay.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Findlay, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Findlay 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 $6M
5 Year Fixed 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.68% - 3.92%
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®
$6M to $100M
5 Year Fixed 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
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 Findlay 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 Findlay, OH

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Findlay.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Findlay Market

The city of Findlay in Hancock County has a population of 41,225. The median rent in Hancock County for a 2 bedroom is $850. The median Findlay resident is 37 years old with a yearly income of $28,264. The average family has 2.81 members and a median household income of $51,002. Findlay has a 27% higher education rate. The unemployment rate in Findlay is 4.3%.


Population
41,225 people

County
Hancock County

Renters

43.1% of Findlay households are renters.


Rent Burden

26.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hancock County 1
Ohio 2
National 2
Studio $662 $597 $737
1 bedroom $663 $662 $813
2 bedroom $850 $834 $1,015
3 bedroom $1,128 $1,084 $1,325
4 bedroom $1,472 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Findlay Demographics


Median Individual Income
$28,264 / year

Median Household Income
$51,002 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.3%
Household Income Distribution
Findlay, OH

Median Age
37 years

Avg Family Size
2.81 people
Age Distribution
Findlay, OH

College Education or Above
27%

STEM College Graduates
40%
Education Distribution
Findlay, OH
Source: U.S. Census Bureau

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