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Multifamily Loans in
Owasso, OK

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Owasso, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Owasso 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 3.47% - 3.71%
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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
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 Owasso 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 Owasso, OK

All major multifamily lender types are lending in Owasso.


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 08, 2021


Owasso Market

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%.


Population
36,957 people

County
Tulsa County

Renters

31.7% of Owasso households are renters.


Rent Burden

25.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Owasso Demographics


Median Individual Income
$35,331 / year

Median Household Income
$72,443 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.3%
Household Income Distribution
Owasso, OK

Median Age
33 years

Avg Family Size
3.21 people
Age Distribution
Owasso, OK

College Education or Above
35%

STEM College Graduates
39%
Education Distribution
Owasso, OK
Source: U.S. Census Bureau

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