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Multifamily Loans in
Bartlesville, OK

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Bartlesville, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bartlesville 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 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
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 Bartlesville 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 Bartlesville, OK

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


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


Bartlesville Market

The city of Bartlesville in Washington County has a population of 36,144. The median rent in Washington County for a 2 bedroom is $744. The median Bartlesville resident is 38 years old with a yearly income of $27,704. The average family has 3.01 members and a median household income of $54,778. Bartlesville has a 32% higher education rate. The unemployment rate in Bartlesville is 5.7%.


Population
36,144 people

County
Washington County

Renters

32.9% of Bartlesville households are renters.


Rent Burden

26.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Washington County 1
Oklahoma 2
National 2
Studio $626 $589 $737
1 bedroom $653 $623 $813
2 bedroom $744 $790 $1,015
3 bedroom $1,039 $1,041 $1,325
4 bedroom $1,220 $1,191 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bartlesville Demographics


Median Individual Income
$27,704 / year

Median Household Income
$54,778 / year

Families w/ Dual Incomes
45%

Unemployment Rate
5.7%
Household Income Distribution
Bartlesville, OK

Median Age
38 years

Avg Family Size
3.01 people
Age Distribution
Bartlesville, OK

College Education or Above
32%

STEM College Graduates
40%
Education Distribution
Bartlesville, OK
Source: U.S. Census Bureau

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