Muskogee is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Muskogee are considered greater risk due to market dynamics. Interest rates for multifamily loans in Muskogee are higher than the national average. Muskogee 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 Muskogee.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Muskogee 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 Muskogee.
The city of Muskogee in Muskogee County has a population of 37,113. The median rent in Muskogee County for a 2 bedroom is $757. The median Muskogee resident is 36 years old with a yearly income of $23,018. The average family has 2.98 members and a median household income of $38,194. Muskogee has a 21% higher education rate. The unemployment rate in Muskogee is 7.3%.
45% of Muskogee households are renters.
33% median household income spent on rent.
Bedrooms |
Muskogee County 1 |
Oklahoma 2 |
National 2 |
|---|---|---|---|
| Studio | $527 | $589 | $737 |
| 1 bedroom | $591 | $623 | $813 |
| 2 bedroom | $757 | $790 | $1,015 |
| 3 bedroom | $1,032 | $1,041 | $1,325 |
| 4 bedroom | $1,075 | $1,191 | $1,521 |
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