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Multifamily Loans in
Oroville, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Oroville, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oroville 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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/05/2021. This is not an offer or commitment to lend. Multifamily loan rates in Oroville 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 06, 2021


Multifamily Lenders in Oroville, CA

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


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 06, 2021


Oroville Market

The city of Oroville in Butte County has a population of 20,737. The median rent in Butte County for a 2 bedroom is $1,270. The median Oroville resident is 34 years old with a yearly income of $17,028. The average family has 3.51 members and a median household income of $34,428. Oroville has a 13% higher education rate. The unemployment rate in Oroville is 8.7%.


Population
20,737 people

County
Butte County

Renters

54.2% of Oroville households are renters.


Rent Burden

37.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Butte County 1
California 2
National 2
Studio $879 $1,137 $737
1 bedroom $964 $1,291 $813
2 bedroom $1,270 $1,635 $1,015
3 bedroom $1,802 $2,254 $1,325
4 bedroom $2,199 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oroville Demographics


Median Individual Income
$17,028 / year

Median Household Income
$34,428 / year

Families w/ Dual Incomes
39%

Unemployment Rate
8.7%
Household Income Distribution
Oroville, CA

Median Age
34 years

Avg Family Size
3.51 people
Age Distribution
Oroville, CA

College Education or Above
13%

STEM College Graduates
41%
Education Distribution
Oroville, CA
Source: U.S. Census Bureau

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