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Multifamily Loans in
Oxford, AL

Overview

Oxford is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Oxford are considered greater risk due to market dynamics. Interest rates for multifamily loans in Oxford are higher than the national average. Oxford apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Oxford.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Oxford, AL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oxford 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 3.68% - 3.92%
7 Year Fixed 3.57% - 3.81%
10 Year Fixed 3.68% - 3.92%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Oxford 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 04, 2021


Multifamily Lenders in Oxford, AL

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


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 04, 2021


Oxford Market

The city of Oxford in Calhoun County has a population of 21,225. The median rent in Calhoun County for a 2 bedroom is $764. The median Oxford resident is 38 years old with a yearly income of $29,046. The average family has 3.15 members and a median household income of $57,887. Oxford has a 23% higher education rate. The unemployment rate in Oxford is 4.4%.


Population
21,225 people

County
Calhoun County

Renters

28.7% of Oxford households are renters.


Rent Burden

27.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Calhoun County 1
Alabama 2
National 2
Studio $510 $580 $737
1 bedroom $580 $626 $813
2 bedroom $764 $767 $1,015
3 bedroom $998 $1,004 $1,325
4 bedroom $1,156 $1,157 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oxford Demographics


Median Individual Income
$29,046 / year

Median Household Income
$57,887 / year

Families w/ Dual Incomes
48%

Unemployment Rate
4.4%
Household Income Distribution
Oxford, AL

Median Age
38 years

Avg Family Size
3.15 people
Age Distribution
Oxford, AL

College Education or Above
23%

STEM College Graduates
38%
Education Distribution
Oxford, AL
Source: U.S. Census Bureau

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