Ross is located in a good market for 5+ unit multifamily loans. Multifamily loans in Ross are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Ross are competitive. Ross 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 Ross.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ross 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 Ross.
The city of Ross in Allegheny County has a population of 30,603. The median rent in Allegheny County for a 2 bedroom is $1,022. The median Ross resident is 45 years old with a yearly income of $41,813. The average family has 2.82 members and a median household income of $77,170. Ross has a 49% higher education rate. The unemployment rate in Ross is 3.2%.
24.4% of Ross households are renters.
21.9% 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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