Oregon is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Oregon are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Oregon are slightly higher than the national average. Oregon 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 Oregon.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oregon 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.29% - 5.53% |
| 10 Year Fixed | 5.13% - 5.37% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Oregon.
The city of Oregon in Lucas County has a population of 20,055. The median rent in Lucas County for a 2 bedroom is $848. The median Oregon resident is 45 years old with a yearly income of $32,074. The average family has 2.91 members and a median household income of $60,078. Oregon has a 21% higher education rate. The unemployment rate in Oregon is 6.0%.
29.3% of Oregon households are renters.
27.2% median household income spent on rent.
Bedrooms |
Lucas County 1 |
Ohio 2 |
National 2 |
|---|---|---|---|
| Studio | $572 | $597 | $737 |
| 1 bedroom | $656 | $662 | $813 |
| 2 bedroom | $848 | $834 | $1,015 |
| 3 bedroom | $1,151 | $1,084 | $1,325 |
| 4 bedroom | $1,261 | $1,205 | $1,521 |
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