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Multifamily Loans in
Zanesville, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Zanesville, OH

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

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


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


Zanesville Market

The city of Zanesville in Muskingum County has a population of 25,158. The median rent in Muskingum County for a 2 bedroom is $802. The median Zanesville resident is 36 years old with a yearly income of $19,077. The average family has 3.11 members and a median household income of $30,345. Zanesville has a 12% higher education rate. The unemployment rate in Zanesville is 10.2%.


Population
25,158 people

County
Muskingum County

Renters

57.2% of Zanesville households are renters.


Rent Burden

39.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Muskingum County 1
Ohio 2
National 2
Studio $612 $597 $737
1 bedroom $616 $662 $813
2 bedroom $802 $834 $1,015
3 bedroom $998 $1,084 $1,325
4 bedroom $1,169 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Zanesville Demographics


Median Individual Income
$19,077 / year

Median Household Income
$30,345 / year

Families w/ Dual Incomes
36%

Unemployment Rate
10.2%
Household Income Distribution
Zanesville, OH

Median Age
36 years

Avg Family Size
3.11 people
Age Distribution
Zanesville, OH

College Education or Above
12%

STEM College Graduates
31%
Education Distribution
Zanesville, OH
Source: U.S. Census Bureau

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