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Multifamily Loans in
Youngstown, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Youngstown, OH

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

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


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


Youngstown Market

The city of Youngstown in Mahoning County has a population of 65,469. The median rent in Mahoning County for a 2 bedroom is $734. The median Youngstown resident is 39 years old with a yearly income of $17,869. The average family has 3 members and a median household income of $28,822. Youngstown has a 14% higher education rate. The unemployment rate in Youngstown is 14.3%.


Population
65,469 people

County
Mahoning County

Renters

45.1% of Youngstown households are renters.


Rent Burden

39.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Mahoning County 1
Ohio 2
National 2
Studio $511 $597 $737
1 bedroom $585 $662 $813
2 bedroom $734 $834 $1,015
3 bedroom $966 $1,084 $1,325
4 bedroom $1,036 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Youngstown Demographics


Median Individual Income
$17,869 / year

Median Household Income
$28,822 / year

Families w/ Dual Incomes
34%

Unemployment Rate
14.3%
Household Income Distribution
Youngstown, OH

Median Age
39 years

Avg Family Size
3 people
Age Distribution
Youngstown, OH

College Education or Above
14%

STEM College Graduates
37%
Education Distribution
Youngstown, OH
Source: U.S. Census Bureau

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