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Multifamily Loans in
Oregon, OH

Overview

Oregon is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Oregon are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Oregon are slightly higher than the national average. Oregon 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 Oregon.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Oregon, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oregon 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% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.51% - 3.75%
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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Oregon 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 Oregon, OH

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


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 08, 2021


Oregon Market

The city of Oregon in Lucas County has a population of 20,055. The median rent in Lucas County for a 2 bedroom is $848. The median Oregon resident is 45 years old with a yearly income of $32,074. The average family has 2.91 members and a median household income of $60,078. Oregon has a 21% higher education rate. The unemployment rate in Oregon is 6.0%.


Population
20,055 people

County
Lucas County

Renters

29.3% of Oregon households are renters.


Rent Burden

27.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lucas County 1
Ohio 2
National 2
Studio $572 $597 $737
1 bedroom $656 $662 $813
2 bedroom $848 $834 $1,015
3 bedroom $1,151 $1,084 $1,325
4 bedroom $1,261 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oregon Demographics


Median Individual Income
$32,074 / year

Median Household Income
$60,078 / year

Families w/ Dual Incomes
56%

Unemployment Rate
6.0%
Household Income Distribution
Oregon, OH

Median Age
45 years

Avg Family Size
2.91 people
Age Distribution
Oregon, OH

College Education or Above
21%

STEM College Graduates
32%
Education Distribution
Oregon, OH
Source: U.S. Census Bureau

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