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Multifamily Loans in
Moore, OK

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Moore, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Moore 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 3.47% - 3.71%
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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
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 Moore 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 Moore, OK

All major multifamily lender types are lending in Moore.


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 08, 2021


Moore Market

The city of Moore in Cleveland County has a population of 62,055. The median rent in Cleveland County for a 2 bedroom is $977. The median Moore resident is 34 years old with a yearly income of $32,841. The average family has 3.07 members and a median household income of $65,915. Moore has a 27% higher education rate. The unemployment rate in Moore is 4.4%.


Population
62,055 people

County
Cleveland County

Renters

31.7% of Moore households are renters.


Rent Burden

26.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cleveland County 1
Oklahoma 2
National 2
Studio $750 $589 $737
1 bedroom $785 $623 $813
2 bedroom $977 $790 $1,015
3 bedroom $1,317 $1,041 $1,325
4 bedroom $1,583 $1,191 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Moore Demographics


Median Individual Income
$32,841 / year

Median Household Income
$65,915 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.4%
Household Income Distribution
Moore, OK

Median Age
34 years

Avg Family Size
3.07 people
Age Distribution
Moore, OK

College Education or Above
27%

STEM College Graduates
37%
Education Distribution
Moore, OK
Source: U.S. Census Bureau

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