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Multifamily Loans in
Medford, OR

Overview

Medford is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Medford are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Medford are slightly higher than the national average. Medford apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Medford.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Medford, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Medford 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Medford 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 Medford, OR

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


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 04, 2021


Medford Market

The city of Medford in Jackson County has a population of 83,072. The median rent in Jackson County for a 2 bedroom is $1,089. The median Medford resident is 37 years old with a yearly income of $26,976. The average family has 3.05 members and a median household income of $50,116. Medford has a 25% higher education rate. The unemployment rate in Medford is 5.8%.


Population
83,072 people

County
Jackson County

Renters

48.6% of Medford households are renters.


Rent Burden

32.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jackson County 1
Oregon 2
National 2
Studio $762 $786 $737
1 bedroom $826 $891 $813
2 bedroom $1,089 $1,112 $1,015
3 bedroom $1,559 $1,569 $1,325
4 bedroom $1,885 $1,853 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Medford Demographics


Median Individual Income
$26,976 / year

Median Household Income
$50,116 / year

Families w/ Dual Incomes
48%

Unemployment Rate
5.8%
Household Income Distribution
Medford, OR

Median Age
37 years

Avg Family Size
3.05 people
Age Distribution
Medford, OR

College Education or Above
25%

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

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