Loading...

Multifamily Loans in
Stow, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Stow, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Stow 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 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.51% - 3.75%
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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Stow 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 Stow, OH

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


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


Stow Market

The city of Stow in Summit County has a population of 34,785. The median rent in Summit County for a 2 bedroom is $911. The median Stow resident is 40 years old with a yearly income of $37,042. The average family has 2.97 members and a median household income of $73,201. Stow has a 48% higher education rate. The unemployment rate in Stow is 2.9%.


Population
34,785 people

County
Summit County

Renters

30.9% of Stow households are renters.


Rent Burden

23% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Summit County 1
Ohio 2
National 2
Studio $607 $597 $737
1 bedroom $712 $662 $813
2 bedroom $911 $834 $1,015
3 bedroom $1,147 $1,084 $1,325
4 bedroom $1,235 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Stow Demographics


Median Individual Income
$37,042 / year

Median Household Income
$73,201 / year

Families w/ Dual Incomes
56%

Unemployment Rate
2.9%
Household Income Distribution
Stow, OH

Median Age
40 years

Avg Family Size
2.97 people
Age Distribution
Stow, OH

College Education or Above
48%

STEM College Graduates
39%
Education Distribution
Stow, OH
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day