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Multifamily Loans in
Mcminnville, OR

Overview

Mcminnville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Mcminnville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Mcminnville are competitive. Mcminnville 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 Mcminnville.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Mcminnville, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mcminnville 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Mcminnville 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 Mcminnville, OR

All major multifamily lender types are lending in Mcminnville.


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


Mcminnville Market

The city of Mcminnville in Yamhill County has a population of 34,743. The median rent in Yamhill County for a 2 bedroom is $1,620. The median Mcminnville resident is 37 years old with a yearly income of $27,823. The average family has 3.14 members and a median household income of $54,254. Mcminnville has a 26% higher education rate. The unemployment rate in Mcminnville is 3.7%.


Population
34,743 people

County
Yamhill County

Renters

38.1% of Mcminnville households are renters.


Rent Burden

31.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Yamhill 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

Mcminnville Demographics


Median Individual Income
$27,823 / year

Median Household Income
$54,254 / year

Families w/ Dual Incomes
50%

Unemployment Rate
3.7%
Household Income Distribution
Mcminnville, OR

Median Age
37 years

Avg Family Size
3.14 people
Age Distribution
Mcminnville, OR

College Education or Above
26%

STEM College Graduates
44%
Education Distribution
Mcminnville, OR
Source: U.S. Census Bureau

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