Mason is located in a good market for 5+ unit multifamily loans. Multifamily loans in Mason are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Mason are competitive. Mason 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 Mason.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mason are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.70% - 6.94% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Mason.
The city of Mason in Warren County has a population of 33,870. The median rent in Warren County for a 2 bedroom is $989. The median Mason resident is 42 years old with a yearly income of $44,660. The average family has 3.11 members and a median household income of $100,594. Mason has a 59% higher education rate. The unemployment rate in Mason is 2.1%.
21.5% of Mason households are renters.
22.6% median household income spent on rent.
Bedrooms |
Warren 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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