Mount Lebanon is located in a good market for 5+ unit multifamily loans. Multifamily loans in Mount Lebanon are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Mount Lebanon are competitive. Mount Lebanon apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Mount Lebanon.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mount 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.44% - 5.68% |
| 7 Year Fixed | 5.23% - 5.47% |
| 10 Year Fixed | 5.14% - 5.38% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Mount Lebanon.
The city of Mount Lebanon in Allegheny County has a population of 32,303. The median rent in Allegheny County for a 2 bedroom is $1,022. The median Mount Lebanon resident is 44 years old with a yearly income of $49,669. The average family has 3.01 members and a median household income of $100,011. Mount Lebanon has a 71% higher education rate. The unemployment rate in Mount Lebanon is 2.6%.
27.6% of Mount Lebanon households are renters.
28.8% median household income spent on rent.
Bedrooms |
Allegheny County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $776 | $680 | $737 |
| 1 bedroom | $839 | $747 | $813 |
| 2 bedroom | $1,022 | $929 | $1,015 |
| 3 bedroom | $1,311 | $1,198 | $1,325 |
| 4 bedroom | $1,436 | $1,330 | $1,521 |
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