Lawton is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Lawton are considered greater risk due to market dynamics. Interest rates for multifamily loans in Lawton are higher than the national average. Lawton 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 Lawton.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lawton are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.03% - 6.18% |
| 7 Year Fixed | 6.09% - 6.24% |
| 10 Year Fixed | 6.09% - 6.24% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Lawton.
The city of Lawton in Comanche County has a population of 93,025. The median rent in Comanche County for a 2 bedroom is $801. The median Lawton resident is 31 years old with a yearly income of $24,471. The average family has 3.21 members and a median household income of $47,779. Lawton has a 21% higher education rate. The unemployment rate in Lawton is 8.2%.
55.1% of Lawton households are renters.
27.9% median household income spent on rent.
Bedrooms |
Comanche County 1 |
Oklahoma 2 |
National 2 |
|---|---|---|---|
| Studio | $601 | $589 | $737 |
| 1 bedroom | $616 | $623 | $813 |
| 2 bedroom | $801 | $790 | $1,015 |
| 3 bedroom | $1,146 | $1,041 | $1,325 |
| 4 bedroom | $1,335 | $1,191 | $1,521 |
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