Loading...

Multifamily Loans in
Fair Oaks, VA

Overview

Fair Oaks is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Fair Oaks are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Fair Oaks are some of the lowest nationally. Fair Oaks 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 Fair Oaks.

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Fair Oaks, VA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fair Oaks 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 $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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®
$7.5M to $100M
5 Year Fixed 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Fair Oaks 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 05, 2021


Multifamily Lenders in Fair Oaks, VA

All major multifamily lender types are lending in Fair Oaks.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 05, 2021


Fair Oaks Market

The city of Fair Oaks in Fairfax County has a population of 33,481. The median rent in Fairfax County for a 2 bedroom is $1,917. The median Fair Oaks resident is 35 years old with a yearly income of $60,219. The average family has 3.08 members and a median household income of $106,875. Fair Oaks has a 67% higher education rate. The unemployment rate in Fair Oaks is 2.6%.


Population
33,481 people

County
Fairfax County

Renters

54.6% of Fair Oaks households are renters.


Rent Burden

27.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Fairfax County 1
Virginia 2
National 2
Studio $1,643 $833 $737
1 bedroom $1,682 $897 $813
2 bedroom $1,917 $1,072 $1,015
3 bedroom $2,457 $1,423 $1,325
4 bedroom $2,978 $1,680 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Fair Oaks Demographics


Median Individual Income
$60,219 / year

Median Household Income
$106,875 / year

Families w/ Dual Incomes
64%

Unemployment Rate
2.6%
Household Income Distribution
Fair Oaks, VA

Median Age
35 years

Avg Family Size
3.08 people
Age Distribution
Fair Oaks, VA

College Education or Above
67%

STEM College Graduates
51%
Education Distribution
Fair Oaks, VA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day