Edmond is located in a good market for 5+ unit multifamily loans. Multifamily loans in Edmond are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Edmond are competitive. Edmond 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 Edmond.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Edmond are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.23% - 6.47% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Edmond.
The city of Edmond in Oklahoma County has a population of 94,054. The median rent in Oklahoma County for a 2 bedroom is $977. The median Edmond resident is 36 years old with a yearly income of $37,070. The average family has 3.08 members and a median household income of $81,473. Edmond has a 53% higher education rate. The unemployment rate in Edmond is 3.6%.
31.8% of Edmond households are renters.
29.3% median household income spent on rent.
Bedrooms |
Oklahoma County 1 |
Oklahoma 2 |
National 2 |
|---|---|---|---|
| Studio | $750 | $589 | $737 |
| 1 bedroom | $785 | $623 | $813 |
| 2 bedroom | $977 | $790 | $1,015 |
| 3 bedroom | $1,317 | $1,041 | $1,325 |
| 4 bedroom | $1,583 | $1,191 | $1,521 |
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