Duncan is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Duncan are considered greater risk due to market dynamics. Interest rates for multifamily loans in Duncan are higher than the national average. Duncan 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 Duncan.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Duncan 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 $6M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.03% - 6.18% |
| 7 Year Fixed | 6.09% - 6.24% |
| 10 Year Fixed | 6.09% - 6.24% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Duncan.
The city of Duncan in Stephens County has a population of 22,344. The median rent in Stephens County for a 2 bedroom is $739. The median Duncan resident is 38 years old with a yearly income of $25,117. The average family has 3.16 members and a median household income of $44,404. Duncan has a 19% higher education rate. The unemployment rate in Duncan is 6.1%.
35.4% of Duncan households are renters.
25.1% median household income spent on rent.
Bedrooms |
Stephens County 1 |
Oklahoma 2 |
National 2 |
|---|---|---|---|
| Studio | $569 | $589 | $737 |
| 1 bedroom | $586 | $623 | $813 |
| 2 bedroom | $739 | $790 | $1,015 |
| 3 bedroom | $999 | $1,041 | $1,325 |
| 4 bedroom | $1,093 | $1,191 | $1,521 |
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