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Multifamily Loans in
Alvin, TX

Overview

Alvin is located in a good market for 5+ unit multifamily loans. Multifamily loans in Alvin are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Alvin are competitive. Alvin 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 Alvin.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Alvin, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Alvin 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 $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Alvin 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 Alvin, TX

All major multifamily lender types are lending in Alvin.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 03, 2021


Alvin Market

The city of Alvin in Brazoria County has a population of 26,723. The median rent in Brazoria County for a 2 bedroom is $1,249. The median Alvin resident is 34 years old with a yearly income of $30,413. The average family has 3.33 members and a median household income of $56,504. Alvin has a 17% higher education rate. The unemployment rate in Alvin is 5.2%.


Population
26,723 people

County
Brazoria County

Renters

41.1% of Alvin households are renters.


Rent Burden

28.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Brazoria County 1
Texas 2
National 2
Studio $824 $669 $737
1 bedroom $1,096 $738 $813
2 bedroom $1,249 $912 $1,015
3 bedroom $1,675 $1,210 $1,325
4 bedroom $2,163 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Alvin Demographics


Median Individual Income
$30,413 / year

Median Household Income
$56,504 / year

Families w/ Dual Incomes
48%

Unemployment Rate
5.2%
Household Income Distribution
Alvin, TX

Median Age
34 years

Avg Family Size
3.33 people
Age Distribution
Alvin, TX

College Education or Above
17%

STEM College Graduates
44%
Education Distribution
Alvin, TX
Source: U.S. Census Bureau

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