Loading...

Multifamily Loans in
Stillwater, OK

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Stillwater, OK

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

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


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


Stillwater Market

The city of Stillwater in Payne County has a population of 50,299. The median rent in Payne County for a 2 bedroom is $877. The median Stillwater resident is 24 years old with a yearly income of $16,667. The average family has 3.04 members and a median household income of $34,309. Stillwater has a 49% higher education rate. The unemployment rate in Stillwater is 4.6%.


Population
50,299 people

County
Payne County

Renters

62.8% of Stillwater households are renters.


Rent Burden

46.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Payne County 1
Oklahoma 2
National 2
Studio $710 $589 $737
1 bedroom $732 $623 $813
2 bedroom $877 $790 $1,015
3 bedroom $1,223 $1,041 $1,325
4 bedroom $1,372 $1,191 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Stillwater Demographics


Median Individual Income
$16,667 / year

Median Household Income
$34,309 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.6%
Household Income Distribution
Stillwater, OK

Median Age
24 years

Avg Family Size
3.04 people
Age Distribution
Stillwater, OK

College Education or Above
49%

STEM College Graduates
51%
Education Distribution
Stillwater, 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