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Multifamily Loans in
Oklahoma City, OK

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Oklahoma City, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oklahoma City 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Oklahoma City 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 08, 2021


Multifamily Lenders in Oklahoma City, OK

All major multifamily lender types are lending in Oklahoma City.


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 08, 2021


Oklahoma City Market

The city of Oklahoma City in Oklahoma County has a population of 655,057. The median rent in Oklahoma County for a 2 bedroom is $977. The median Oklahoma City resident is 34 years old with a yearly income of $30,647. The average family has 3.33 members and a median household income of $55,557. Oklahoma City has a 31% higher education rate. The unemployment rate in Oklahoma City is 4.3%.


Population
655,057 people

County
Oklahoma County

Renters

41.1% of Oklahoma City households are renters.


Rent Burden

28.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Oklahoma County 1
Oklahoma 2
National 2
Studio $750 $589 $737
1 bedroom $785 $623 $813
2 bedroom $977 $790 $1,015
3 bedroom $1,317 $1,041 $1,325
4 bedroom $1,583 $1,191 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oklahoma City Demographics


Median Individual Income
$30,647 / year

Median Household Income
$55,557 / year

Families w/ Dual Incomes
54%

Unemployment Rate
4.3%
Household Income Distribution
Oklahoma City, OK

Median Age
34 years

Avg Family Size
3.33 people
Age Distribution
Oklahoma City, OK

College Education or Above
31%

STEM College Graduates
41%
Education Distribution
Oklahoma City, OK
Source: U.S. Census Bureau

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