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Multifamily Loans in
Shawnee, OK

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Shawnee, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Shawnee 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 Shawnee 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 Shawnee, OK

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


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


Shawnee Market

The city of Shawnee in Pottawatomie County has a population of 31,436. The median rent in Pottawatomie County for a 2 bedroom is $792. The median Shawnee resident is 36 years old with a yearly income of $22,379. The average family has 3.14 members and a median household income of $40,473. Shawnee has a 21% higher education rate. The unemployment rate in Shawnee is 6.7%.


Population
31,436 people

County
Pottawatomie County

Renters

44% of Shawnee households are renters.


Rent Burden

28% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pottawatomie County 1
Oklahoma 2
National 2
Studio $546 $589 $737
1 bedroom $608 $623 $813
2 bedroom $792 $790 $1,015
3 bedroom $1,036 $1,041 $1,325
4 bedroom $1,123 $1,191 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Shawnee Demographics


Median Individual Income
$22,379 / year

Median Household Income
$40,473 / year

Families w/ Dual Incomes
48%

Unemployment Rate
6.7%
Household Income Distribution
Shawnee, OK

Median Age
36 years

Avg Family Size
3.14 people
Age Distribution
Shawnee, OK

College Education or Above
21%

STEM College Graduates
35%
Education Distribution
Shawnee, OK
Source: U.S. Census Bureau

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