Owasso is located in a good market for 5+ unit multifamily loans. Multifamily loans in Owasso are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Owasso are competitive. Owasso 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 Owasso.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Owasso are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Owasso.
The city of Owasso in Tulsa County has a population of 36,957. The median rent in Tulsa County for a 2 bedroom is $951. The median Owasso resident is 33 years old with a yearly income of $35,331. The average family has 3.21 members and a median household income of $72,443. Owasso has a 35% higher education rate. The unemployment rate in Owasso is 3.3%.
31.7% of Owasso households are renters.
25.3% median household income spent on rent.
Bedrooms |
Tulsa County 1 |
Oklahoma 2 |
National 2 |
|---|---|---|---|
| Studio | $644 | $589 | $737 |
| 1 bedroom | $740 | $623 | $813 |
| 2 bedroom | $951 | $790 | $1,015 |
| 3 bedroom | $1,260 | $1,041 | $1,325 |
| 4 bedroom | $1,466 | $1,191 | $1,521 |
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