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.
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 | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.93% - 6.08% |
| 7 Year Fixed | 5.99% - 6.14% |
| 10 Year Fixed | 5.99% - 6.14% |
All major multifamily lender types are lending in Oklahoma City.
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%.
41.1% of Oklahoma City households are renters.
28.3% median household income spent on rent.
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 |
We're here to help.