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Multifamily Loans in
Ardmore, OK

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Ardmore, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ardmore 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 3.73% - 3.97%
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 Ardmore 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 Ardmore, OK

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


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


Ardmore Market

The city of Ardmore in Carter County has a population of 24,698. The median rent in Carter County for a 2 bedroom is $846. The median Ardmore resident is 37 years old with a yearly income of $25,913. The average family has 3.25 members and a median household income of $47,860. Ardmore has a 22% higher education rate. The unemployment rate in Ardmore is 6.4%.


Population
24,698 people

County
Carter County

Renters

42.2% of Ardmore households are renters.


Rent Burden

28.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Carter County 1
Oklahoma 2
National 2
Studio $696 $589 $737
1 bedroom $703 $623 $813
2 bedroom $846 $790 $1,015
3 bedroom $1,052 $1,041 $1,325
4 bedroom $1,228 $1,191 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ardmore Demographics


Median Individual Income
$25,913 / year

Median Household Income
$47,860 / year

Families w/ Dual Incomes
46%

Unemployment Rate
6.4%
Household Income Distribution
Ardmore, OK

Median Age
37 years

Avg Family Size
3.25 people
Age Distribution
Ardmore, OK

College Education or Above
22%

STEM College Graduates
42%
Education Distribution
Ardmore, OK
Source: U.S. Census Bureau

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