Findlay is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Findlay are considered greater risk due to market dynamics. Interest rates for multifamily loans in Findlay are higher than the national average. Findlay 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 Findlay.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Findlay are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.23% - 5.47% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Findlay.
The city of Findlay in Hancock County has a population of 41,225. The median rent in Hancock County for a 2 bedroom is $850. The median Findlay resident is 37 years old with a yearly income of $28,264. The average family has 2.81 members and a median household income of $51,002. Findlay has a 27% higher education rate. The unemployment rate in Findlay is 4.3%.
43.1% of Findlay households are renters.
26.2% median household income spent on rent.
Bedrooms |
Hancock County 1 |
Ohio 2 |
National 2 |
|---|---|---|---|
| Studio | $662 | $597 | $737 |
| 1 bedroom | $663 | $662 | $813 |
| 2 bedroom | $850 | $834 | $1,015 |
| 3 bedroom | $1,128 | $1,084 | $1,325 |
| 4 bedroom | $1,472 | $1,205 | $1,521 |
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