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Multifamily Loans in
Oakton, VA

Overview

Oakton is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Oakton are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Oakton are some of the lowest nationally. Oakton 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 Oakton.

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Oakton, VA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oakton 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Oakton 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 05, 2021


Multifamily Lenders in Oakton, VA

All major multifamily lender types are lending in Oakton.


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 05, 2021


Oakton Market

The city of Oakton in Fairfax County has a population of 36,997. The median rent in Fairfax County for a 2 bedroom is $1,917. The median Oakton resident is 38 years old with a yearly income of $59,599. The average family has 3.28 members and a median household income of $132,256. Oakton has a 71% higher education rate. The unemployment rate in Oakton is 3.5%.


Population
36,997 people

County
Fairfax County

Renters

32.5% of Oakton households are renters.


Rent Burden

26.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Fairfax County 1
Virginia 2
National 2
Studio $1,643 $833 $737
1 bedroom $1,682 $897 $813
2 bedroom $1,917 $1,072 $1,015
3 bedroom $2,457 $1,423 $1,325
4 bedroom $2,978 $1,680 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oakton Demographics


Median Individual Income
$59,599 / year

Median Household Income
$132,256 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.5%
Household Income Distribution
Oakton, VA

Median Age
38 years

Avg Family Size
3.28 people
Age Distribution
Oakton, VA

College Education or Above
71%

STEM College Graduates
54%
Education Distribution
Oakton, VA
Source: U.S. Census Bureau

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