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Multifamily Loans in
Ocala, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Ocala, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ocala 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Ocala 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 03, 2021


Multifamily Lenders in Ocala, FL

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


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 03, 2021


Ocala Market

The city of Ocala in Marion County has a population of 60,786. The median rent in Marion County for a 2 bedroom is $1,003. The median Ocala resident is 38 years old with a yearly income of $25,274. The average family has 3.28 members and a median household income of $41,755. Ocala has a 24% higher education rate. The unemployment rate in Ocala is 8.1%.


Population
60,786 people

County
Marion County

Renters

53.9% of Ocala households are renters.


Rent Burden

36.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Marion County 1
Florida 2
National 2
Studio $740 $822 $737
1 bedroom $809 $891 $813
2 bedroom $1,003 $1,089 $1,015
3 bedroom $1,310 $1,448 $1,325
4 bedroom $1,448 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ocala Demographics


Median Individual Income
$25,274 / year

Median Household Income
$41,755 / year

Families w/ Dual Incomes
38%

Unemployment Rate
8.1%
Household Income Distribution
Ocala, FL

Median Age
38 years

Avg Family Size
3.28 people
Age Distribution
Ocala, FL

College Education or Above
24%

STEM College Graduates
45%
Education Distribution
Ocala, FL
Source: U.S. Census Bureau

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