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Multifamily Loans in
Sidney, OH

Overview

Sidney is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Sidney are considered greater risk due to market dynamics. Interest rates for multifamily loans in Sidney are higher than the national average. Sidney 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 Sidney.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Sidney, OH

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

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


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


Sidney Market

The city of Sidney in Shelby County has a population of 20,449. The median rent in Shelby County for a 2 bedroom is $777. The median Sidney resident is 37 years old with a yearly income of $27,087. The average family has 2.99 members and a median household income of $53,505. Sidney has a 20% higher education rate. The unemployment rate in Sidney is 6.1%.


Population
20,449 people

County
Shelby County

Renters

41.9% of Sidney households are renters.


Rent Burden

20.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Shelby County 1
Ohio 2
National 2
Studio $580 $597 $737
1 bedroom $648 $662 $813
2 bedroom $777 $834 $1,015
3 bedroom $1,055 $1,084 $1,325
4 bedroom $1,136 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sidney Demographics


Median Individual Income
$27,087 / year

Median Household Income
$53,505 / year

Families w/ Dual Incomes
51%

Unemployment Rate
6.1%
Household Income Distribution
Sidney, OH

Median Age
37 years

Avg Family Size
2.99 people
Age Distribution
Sidney, OH

College Education or Above
20%

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

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