Tulsa is located in a good market for 5+ unit multifamily loans. Multifamily loans in Tulsa are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Tulsa are competitive. Tulsa 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 Tulsa.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Tulsa 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 $7.5M |
|---|---|
| 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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.93% - 6.08% |
| 7 Year Fixed | 5.99% - 6.14% |
| 10 Year Fixed | 5.99% - 6.14% |
All major multifamily lender types are lending in Tulsa.
The city of Tulsa in Tulsa County has a population of 401,190. The median rent in Tulsa County for a 2 bedroom is $951. The median Tulsa resident is 35 years old with a yearly income of $27,623. The average family has 3.18 members and a median household income of $47,650. Tulsa has a 32% higher education rate. The unemployment rate in Tulsa is 6.3%.
49.3% of Tulsa households are renters.
30.1% median household income spent on rent.
Bedrooms |
Tulsa 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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