Hamilton is located in a good market for 5+ unit multifamily loans. Multifamily loans in Hamilton are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Hamilton are competitive. Hamilton 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 Hamilton.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hamilton are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.20% - 6.44% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Hamilton.
The city of Hamilton in Butler County has a population of 62,082. The median rent in Butler County for a 2 bedroom is $989. The median Hamilton resident is 37 years old with a yearly income of $25,942. The average family has 3.14 members and a median household income of $47,064. Hamilton has a 16% higher education rate. The unemployment rate in Hamilton is 6.6%.
45.5% of Hamilton households are renters.
30.8% median household income spent on rent.
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 |
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