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Multifamily Loans in
Ogden, NY

Overview

Ogden is located in a good market for 5+ unit multifamily loans. Multifamily loans in Ogden are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Ogden are competitive. Ogden 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 Ogden.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Ogden, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in 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 $7.5M
5 Year Fixed 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 3.06% - 3.31%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in 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 Nov 29, 2021


Multifamily Lenders in Ogden, NY

All major multifamily lender types are lending in Ogden.


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 Nov 29, 2021


Ogden Market

The city of Ogden in Monroe County has a population of 20,341. The median rent in Monroe County for a 2 bedroom is $1,070. The median Ogden resident is 41 years old with a yearly income of $37,369. The average family has 3.03 members and a median household income of $77,500. Ogden has a 37% higher education rate. The unemployment rate in Ogden is 4.7%.


Population
20,341 people

County
Monroe County

Renters

23.2% of Ogden households are renters.


Rent Burden

28.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Monroe County 1
New York 2
National 2
Studio $742 $909 $737
1 bedroom $856 $990 $813
2 bedroom $1,070 $1,202 $1,015
3 bedroom $1,331 $1,537 $1,325
4 bedroom $1,451 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ogden Demographics


Median Individual Income
$37,369 / year

Median Household Income
$77,500 / year

Families w/ Dual Incomes
63%

Unemployment Rate
4.7%
Household Income Distribution
Ogden, NY

Median Age
41 years

Avg Family Size
3.03 people
Age Distribution
Ogden, NY

College Education or Above
37%

STEM College Graduates
42%
Education Distribution
Ogden, NY
Source: U.S. Census Bureau

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