Sapulpa is located in a good market for 5+ unit multifamily loans. Multifamily loans in Sapulpa are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Sapulpa are competitive. Sapulpa 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 Sapulpa.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sapulpa are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.23% - 6.47% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Sapulpa.
The city of Sapulpa in Creek County has a population of 21,278. The median rent in Creek County for a 2 bedroom is $951. The median Sapulpa resident is 38 years old with a yearly income of $28,784. The average family has 3.19 members and a median household income of $51,655. Sapulpa has a 19% higher education rate. The unemployment rate in Sapulpa is 2.7%.
35.4% of Sapulpa households are renters.
27.8% median household income spent on rent.
Bedrooms |
Creek 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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