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Multifamily Loans in
North Ogden, UT

Overview

North Ogden is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in North Ogden are considered moderate risk due to market dynamics. Interest rates for multifamily loans in North Ogden are slightly higher than the national average. North Ogden 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 North Ogden.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in North Ogden, UT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in North Ogden 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 North Ogden 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 North Ogden, UT

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


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


North Ogden Market

The city of North Ogden in Weber County has a population of 20,582. The median rent in Weber County for a 2 bedroom is $1,085. The median North Ogden resident is 34 years old with a yearly income of $33,371. The average family has 3.52 members and a median household income of $81,198. North Ogden has a 33% higher education rate. The unemployment rate in North Ogden is 2.0%.


Population
20,582 people

County
Weber County

Renters

15.2% of North Ogden households are renters.


Rent Burden

22.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Weber County 1
Utah 2
National 2
Studio $766 $659 $737
1 bedroom $863 $743 $813
2 bedroom $1,085 $922 $1,015
3 bedroom $1,522 $1,250 $1,325
4 bedroom $1,814 $1,497 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

North Ogden Demographics


Median Individual Income
$33,371 / year

Median Household Income
$81,198 / year

Families w/ Dual Incomes
56%

Unemployment Rate
2.0%
Household Income Distribution
North Ogden, UT

Median Age
34 years

Avg Family Size
3.52 people
Age Distribution
North Ogden, UT

College Education or Above
33%

STEM College Graduates
46%
Education Distribution
North Ogden, UT
Source: U.S. Census Bureau

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