Ogden is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Ogden are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Ogden are slightly higher than the national average. 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 Ogden.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ogden are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.98% - 6.13% |
| 7 Year Fixed | 6.04% - 6.19% |
| 10 Year Fixed | 6.04% - 6.19% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Ogden.
The city of Ogden in Weber County has a population of 87,773. The median rent in Weber County for a 2 bedroom is $1,085. The median Ogden resident is 32 years old with a yearly income of $27,121. The average family has 3.45 members and a median household income of $50,061. Ogden has a 21% higher education rate. The unemployment rate in Ogden is 4.8%.
42.3% of Ogden households are renters.
30.5% median household income spent on rent.
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 |
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