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Multifamily Loans in
Ogden, UT

Overview

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.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Ogden, UT

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 $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 3.16% - 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 12/01/2021. 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 Dec 02, 2021


Multifamily Lenders in Ogden, UT

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


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 02, 2021


Ogden Market

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%.


Population
87,773 people

County
Weber County

Renters

42.3% of Ogden households are renters.


Rent Burden

30.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ogden Demographics


Median Individual Income
$27,121 / year

Median Household Income
$50,061 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.8%
Household Income Distribution
Ogden, UT

Median Age
32 years

Avg Family Size
3.45 people
Age Distribution
Ogden, UT

College Education or Above
21%

STEM College Graduates
47%
Education Distribution
Ogden, UT
Source: U.S. Census Bureau

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