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Multifamily Loans in
Eugene, OR

Overview

Eugene is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Eugene are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Eugene are slightly higher than the national average. Eugene apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Eugene.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Eugene, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Eugene 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Eugene 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 04, 2021


Multifamily Lenders in Eugene, OR

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


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 04, 2021


Eugene Market

The city of Eugene in Lane County has a population of 172,622. The median rent in Lane County for a 2 bedroom is $1,269. The median Eugene resident is 35 years old with a yearly income of $25,409. The average family has 2.89 members and a median household income of $50,962. Eugene has a 42% higher education rate. The unemployment rate in Eugene is 7.0%.


Population
172,622 people

County
Lane County

Renters

52.7% of Eugene households are renters.


Rent Burden

38.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lane County 1
Oregon 2
National 2
Studio $837 $786 $737
1 bedroom $969 $891 $813
2 bedroom $1,269 $1,112 $1,015
3 bedroom $1,816 $1,569 $1,325
4 bedroom $2,164 $1,853 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Eugene Demographics


Median Individual Income
$25,409 / year

Median Household Income
$50,962 / year

Families w/ Dual Incomes
51%

Unemployment Rate
7.0%
Household Income Distribution
Eugene, OR

Median Age
35 years

Avg Family Size
2.89 people
Age Distribution
Eugene, OR

College Education or Above
42%

STEM College Graduates
48%
Education Distribution
Eugene, OR
Source: U.S. Census Bureau

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