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Multifamily Loans in
Oakdale, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Oakdale, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oakdale 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 12/05/2021. This is not an offer or commitment to lend. Multifamily loan rates in Oakdale 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 06, 2021


Multifamily Lenders in Oakdale, CA

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


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 06, 2021


Oakdale Market

The city of Oakdale in Stanislaus County has a population of 23,596. The median rent in Stanislaus County for a 2 bedroom is $1,296. The median Oakdale resident is 36 years old with a yearly income of $31,777. The average family has 3.47 members and a median household income of $64,555. Oakdale has a 19% higher education rate. The unemployment rate in Oakdale is 12.2%.


Population
23,596 people

County
Stanislaus County

Renters

39.6% of Oakdale households are renters.


Rent Burden

34.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Stanislaus County 1
California 2
National 2
Studio $942 $1,137 $737
1 bedroom $1,045 $1,291 $813
2 bedroom $1,296 $1,635 $1,015
3 bedroom $1,835 $2,254 $1,325
4 bedroom $2,153 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oakdale Demographics


Median Individual Income
$31,777 / year

Median Household Income
$64,555 / year

Families w/ Dual Incomes
53%

Unemployment Rate
12.2%
Household Income Distribution
Oakdale, CA

Median Age
36 years

Avg Family Size
3.47 people
Age Distribution
Oakdale, CA

College Education or Above
19%

STEM College Graduates
44%
Education Distribution
Oakdale, CA
Source: U.S. Census Bureau

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