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Multifamily Loans in
Duncan, OK

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Duncan, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Duncan 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 Duncan 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 Duncan, OK

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


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


Duncan Market

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%.


Population
22,344 people

County
Stephens County

Renters

35.4% of Duncan households are renters.


Rent Burden

25.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Duncan Demographics


Median Individual Income
$25,117 / year

Median Household Income
$44,404 / year

Families w/ Dual Incomes
44%

Unemployment Rate
6.1%
Household Income Distribution
Duncan, OK

Median Age
38 years

Avg Family Size
3.16 people
Age Distribution
Duncan, OK

College Education or Above
19%

STEM College Graduates
32%
Education Distribution
Duncan, OK
Source: U.S. Census Bureau

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