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Multifamily Loans in
Oro Valley, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Oro Valley, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oro Valley 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 3.52% - 3.76%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Oro Valley 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 Oro Valley, AZ

All major multifamily lender types are lending in Oro Valley.


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 02, 2021


Oro Valley Market

The city of Oro Valley in Pima County has a population of 46,044. The median rent in Pima County for a 2 bedroom is $1,016. The median Oro Valley resident is 54 years old with a yearly income of $38,778. The average family has 2.74 members and a median household income of $83,341. Oro Valley has a 52% higher education rate. The unemployment rate in Oro Valley is 5.7%.


Population
46,044 people

County
Pima County

Renters

24.6% of Oro Valley households are renters.


Rent Burden

28% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pima County 1
Arizona 2
National 2
Studio $670 $747 $737
1 bedroom $771 $822 $813
2 bedroom $1,016 $1,038 $1,015
3 bedroom $1,454 $1,433 $1,325
4 bedroom $1,724 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oro Valley Demographics


Median Individual Income
$38,778 / year

Median Household Income
$83,341 / year

Families w/ Dual Incomes
37%

Unemployment Rate
5.7%
Household Income Distribution
Oro Valley, AZ

Median Age
54 years

Avg Family Size
2.74 people
Age Distribution
Oro Valley, AZ

College Education or Above
52%

STEM College Graduates
49%
Education Distribution
Oro Valley, AZ
Source: U.S. Census Bureau

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