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Multifamily Loans in
Sapulpa, OK

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Sapulpa, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sapulpa 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
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 Sapulpa 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 Sapulpa, OK

All major multifamily lender types are lending in Sapulpa.


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


Sapulpa Market

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%.


Population
21,278 people

County
Creek County

Renters

35.4% of Sapulpa households are renters.


Rent Burden

27.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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

Sapulpa Demographics


Median Individual Income
$28,784 / year

Median Household Income
$51,655 / year

Families w/ Dual Incomes
43%

Unemployment Rate
2.7%
Household Income Distribution
Sapulpa, OK

Median Age
38 years

Avg Family Size
3.19 people
Age Distribution
Sapulpa, OK

College Education or Above
19%

STEM College Graduates
29%
Education Distribution
Sapulpa, OK
Source: U.S. Census Bureau

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