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Multifamily Loans in
Lawton, OK

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Lawton, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lawton 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.73% - 3.97%
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 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Lawton 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 08, 2021


Multifamily Lenders in Lawton, OK

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


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 08, 2021


Lawton Market

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%.


Population
93,025 people

County
Comanche County

Renters

55.1% of Lawton households are renters.


Rent Burden

27.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Lawton Demographics


Median Individual Income
$24,471 / year

Median Household Income
$47,779 / year

Families w/ Dual Incomes
46%

Unemployment Rate
8.2%
Household Income Distribution
Lawton, OK

Median Age
31 years

Avg Family Size
3.21 people
Age Distribution
Lawton, OK

College Education or Above
21%

STEM College Graduates
41%
Education Distribution
Lawton, OK
Source: U.S. Census Bureau

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