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Multifamily Loans in
Abilene, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Abilene, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Abilene 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Abilene 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 03, 2021


Multifamily Lenders in Abilene, TX

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


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 03, 2021


Abilene Market

The city of Abilene in Taylor County has a population of 123,420. The median rent in Taylor County for a 2 bedroom is $1,028. The median Abilene resident is 32 years old with a yearly income of $25,671. The average family has 3.19 members and a median household income of $50,659. Abilene has a 23% higher education rate. The unemployment rate in Abilene is 3.6%.


Population
123,420 people

County
Taylor County

Renters

46% of Abilene households are renters.


Rent Burden

29.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Taylor County 1
Texas 2
National 2
Studio $761 $669 $737
1 bedroom $789 $738 $813
2 bedroom $1,028 $912 $1,015
3 bedroom $1,383 $1,210 $1,325
4 bedroom $1,764 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Abilene Demographics


Median Individual Income
$25,671 / year

Median Household Income
$50,659 / year

Families w/ Dual Incomes
53%

Unemployment Rate
3.6%
Household Income Distribution
Abilene, TX

Median Age
32 years

Avg Family Size
3.19 people
Age Distribution
Abilene, TX

College Education or Above
23%

STEM College Graduates
36%
Education Distribution
Abilene, TX
Source: U.S. Census Bureau

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