Lebanon is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Lebanon are considered greater risk due to market dynamics. Interest rates for multifamily loans in Lebanon are higher than the national average. Lebanon 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 Lebanon.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lebanon 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 | 5.33% - 5.57% |
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 Lebanon.
The city of Lebanon in Lebanon County has a population of 25,879. The median rent in Lebanon County for a 2 bedroom is $996. The median Lebanon resident is 35 years old with a yearly income of $24,376. The average family has 3.27 members and a median household income of $39,427. Lebanon has a 10% higher education rate. The unemployment rate in Lebanon is 8.0%.
57.9% of Lebanon households are renters.
31.7% median household income spent on rent.
Bedrooms |
Lebanon County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $762 | $680 | $737 |
| 1 bedroom | $767 | $747 | $813 |
| 2 bedroom | $996 | $929 | $1,015 |
| 3 bedroom | $1,279 | $1,198 | $1,325 |
| 4 bedroom | $1,351 | $1,330 | $1,521 |
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