Broken Arrow is located in a good market for 5+ unit multifamily loans. Multifamily loans in Broken Arrow are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Broken Arrow are competitive. Broken Arrow 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 Broken Arrow.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Broken Arrow are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Broken Arrow.
The city of Broken Arrow in Tulsa County has a population of 110,198. The median rent in Tulsa County for a 2 bedroom is $951. The median Broken Arrow resident is 37 years old with a yearly income of $35,692. The average family has 3.15 members and a median household income of $73,119. Broken Arrow has a 33% higher education rate. The unemployment rate in Broken Arrow is 4.2%.
26.3% of Broken Arrow households are renters.
26.3% median household income spent on rent.
Bedrooms |
Tulsa County 1 |
Oklahoma 2 |
National 2 |
|---|---|---|---|
| Studio | $644 | $589 | $737 |
| 1 bedroom | $740 | $623 | $813 |
| 2 bedroom | $951 | $790 | $1,015 |
| 3 bedroom | $1,260 | $1,041 | $1,325 |
| 4 bedroom | $1,466 | $1,191 | $1,521 |
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