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Multifamily Loans in
Monroeville, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Monroeville, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Monroeville 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 Monroeville 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 Monroeville, PA

All major multifamily lender types are lending in Monroeville.


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


Monroeville Market

The city of Monroeville in Allegheny County has a population of 27,380. The median rent in Allegheny County for a 2 bedroom is $1,022. The median Monroeville resident is 46 years old with a yearly income of $34,797. The average family has 2.82 members and a median household income of $68,743. Monroeville has a 41% higher education rate. The unemployment rate in Monroeville is 4.5%.


Population
27,380 people

County
Allegheny County

Renters

32.3% of Monroeville households are renters.


Rent Burden

30.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Allegheny County 1
Pennsylvania 2
National 2
Studio $776 $680 $737
1 bedroom $839 $747 $813
2 bedroom $1,022 $929 $1,015
3 bedroom $1,311 $1,198 $1,325
4 bedroom $1,436 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Monroeville Demographics


Median Individual Income
$34,797 / year

Median Household Income
$68,743 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.5%
Household Income Distribution
Monroeville, PA

Median Age
46 years

Avg Family Size
2.82 people
Age Distribution
Monroeville, PA

College Education or Above
41%

STEM College Graduates
48%
Education Distribution
Monroeville, PA
Source: U.S. Census Bureau

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