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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Shawnee are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.03% - 6.18% |
| 7 Year Fixed | 6.09% - 6.24% |
| 10 Year Fixed | 6.09% - 6.24% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Shawnee.
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%.
44% of Shawnee households are renters.
28% median household income spent on rent.
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 |
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