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Multifamily Loans in
Forest Grove, OR

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Forest Grove, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Forest Grove 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 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
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 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Forest Grove 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 Forest Grove, OR

All major multifamily lender types are lending in Forest Grove.


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 04, 2021


Forest Grove Market

The city of Forest Grove in Washington County has a population of 25,553. The median rent in Washington County for a 2 bedroom is $1,620. The median Forest Grove resident is 33 years old with a yearly income of $27,443. The average family has 3.38 members and a median household income of $64,172. Forest Grove has a 28% higher education rate. The unemployment rate in Forest Grove is 5.0%.


Population
25,553 people

County
Washington County

Renters

40.6% of Forest Grove households are renters.


Rent Burden

33.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Washington County 1
Oregon 2
National 2
Studio $1,313 $786 $737
1 bedroom $1,404 $891 $813
2 bedroom $1,620 $1,112 $1,015
3 bedroom $2,312 $1,569 $1,325
4 bedroom $2,802 $1,853 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Forest Grove Demographics


Median Individual Income
$27,443 / year

Median Household Income
$64,172 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.0%
Household Income Distribution
Forest Grove, OR

Median Age
33 years

Avg Family Size
3.38 people
Age Distribution
Forest Grove, OR

College Education or Above
28%

STEM College Graduates
45%
Education Distribution
Forest Grove, OR
Source: U.S. Census Bureau

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