Loading...

Multifamily Loans in
Ponca City, OK

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Ponca City, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ponca City 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.73% - 3.97%
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 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
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 Ponca City 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 Ponca City, OK

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


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 08, 2021


Ponca City Market

The city of Ponca City in Kay County has a population of 23,660. The median rent in Kay County for a 2 bedroom is $762. The median Ponca City resident is 37 years old with a yearly income of $24,572. The average family has 3.13 members and a median household income of $44,043. Ponca City has a 21% higher education rate. The unemployment rate in Ponca City is 6.6%.


Population
23,660 people

County
Kay County

Renters

38% of Ponca City households are renters.


Rent Burden

25.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kay County 1
Oklahoma 2
National 2
Studio $574 $589 $737
1 bedroom $578 $623 $813
2 bedroom $762 $790 $1,015
3 bedroom $1,017 $1,041 $1,325
4 bedroom $1,108 $1,191 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ponca City Demographics


Median Individual Income
$24,572 / year

Median Household Income
$44,043 / year

Families w/ Dual Incomes
44%

Unemployment Rate
6.6%
Household Income Distribution
Ponca City, OK

Median Age
37 years

Avg Family Size
3.13 people
Age Distribution
Ponca City, OK

College Education or Above
21%

STEM College Graduates
40%
Education Distribution
Ponca City, OK
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day