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Multifamily Loans in
Atascocita, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Atascocita, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Atascocita 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 Atascocita 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 Atascocita, TX

All major multifamily lender types are lending in Atascocita.


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


Atascocita Market

The city of Atascocita in Harris County has a population of 81,557. The median rent in Harris County for a 2 bedroom is $1,306. The median Atascocita resident is 34 years old with a yearly income of $45,411. The average family has 3.45 members and a median household income of $100,292. Atascocita has a 38% higher education rate. The unemployment rate in Atascocita is 4.0%.


Population
81,557 people

County
Harris County

Renters

19.9% of Atascocita households are renters.


Rent Burden

26.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Harris County 1
Texas 2
National 2
Studio $1,008 $669 $737
1 bedroom $1,092 $738 $813
2 bedroom $1,306 $912 $1,015
3 bedroom $1,751 $1,210 $1,325
4 bedroom $2,232 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Atascocita Demographics


Median Individual Income
$45,411 / year

Median Household Income
$100,292 / year

Families w/ Dual Incomes
61%

Unemployment Rate
4.0%
Household Income Distribution
Atascocita, TX

Median Age
34 years

Avg Family Size
3.45 people
Age Distribution
Atascocita, TX

College Education or Above
38%

STEM College Graduates
37%
Education Distribution
Atascocita, TX
Source: U.S. Census Bureau

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