Loading...

Multifamily Loans in
Woodburn, OR

Overview

Woodburn is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Woodburn are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Woodburn are slightly higher than the national average. Woodburn apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Woodburn.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Woodburn, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Woodburn 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Woodburn 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 04, 2021


Multifamily Lenders in Woodburn, OR

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


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 04, 2021


Woodburn Market

The city of Woodburn in Marion County has a population of 26,273. The median rent in Marion County for a 2 bedroom is $1,153. The median Woodburn resident is 34 years old with a yearly income of $24,832. The average family has 3.73 members and a median household income of $50,093. Woodburn has a 16% higher education rate. The unemployment rate in Woodburn is 3.6%.


Population
26,273 people

County
Marion County

Renters

36.5% of Woodburn households are renters.


Rent Burden

30.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Marion County 1
Oregon 2
National 2
Studio $841 $786 $737
1 bedroom $882 $891 $813
2 bedroom $1,153 $1,112 $1,015
3 bedroom $1,650 $1,569 $1,325
4 bedroom $1,996 $1,853 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Woodburn Demographics


Median Individual Income
$24,832 / year

Median Household Income
$50,093 / year

Families w/ Dual Incomes
55%

Unemployment Rate
3.6%
Household Income Distribution
Woodburn, OR

Median Age
34 years

Avg Family Size
3.73 people
Age Distribution
Woodburn, OR

College Education or Above
16%

STEM College Graduates
43%
Education Distribution
Woodburn, OR
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