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Multifamily Loans in
Austin, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Austin, TX

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

All major multifamily lender types are lending in Austin.


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


Austin Market

The city of Austin in Travis County has a population of 978,908. The median rent in Travis County for a 2 bedroom is $1,549. The median Austin resident is 33 years old with a yearly income of $39,418. The average family has 3.21 members and a median household income of $71,576. Austin has a 52% higher education rate. The unemployment rate in Austin is 3.7%.


Population
978,908 people

County
Travis County

Renters

54.9% of Austin households are renters.


Rent Burden

29.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Travis County 1
Texas 2
National 2
Studio $1,144 $669 $737
1 bedroom $1,309 $738 $813
2 bedroom $1,549 $912 $1,015
3 bedroom $1,997 $1,210 $1,325
4 bedroom $2,384 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Austin Demographics


Median Individual Income
$39,418 / year

Median Household Income
$71,576 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.7%
Household Income Distribution
Austin, TX

Median Age
33 years

Avg Family Size
3.21 people
Age Distribution
Austin, TX

College Education or Above
52%

STEM College Graduates
47%
Education Distribution
Austin, TX
Source: U.S. Census Bureau

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