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Multifamily Loans in
Muskogee, OK

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Muskogee, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Muskogee 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 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
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 Muskogee 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 Muskogee, OK

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


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


Muskogee Market

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%.


Population
37,113 people

County
Muskogee County

Renters

45% of Muskogee households are renters.


Rent Burden

33% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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

Muskogee Demographics


Median Individual Income
$23,018 / year

Median Household Income
$38,194 / year

Families w/ Dual Incomes
42%

Unemployment Rate
7.3%
Household Income Distribution
Muskogee, OK

Median Age
36 years

Avg Family Size
2.98 people
Age Distribution
Muskogee, OK

College Education or Above
21%

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

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