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Multifamily Loans in
Balch Springs, TX

Overview

Balch Springs is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Balch Springs are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Balch Springs are some of the lowest nationally. Balch Springs 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 Balch Springs.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Balch Springs, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Balch Springs 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
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 Balch Springs 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 Balch Springs, TX

All major multifamily lender types are lending in Balch Springs.


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


Balch Springs Market

The city of Balch Springs in Dallas County has a population of 25,007. The median rent in Dallas County for a 2 bedroom is $1,473. The median Balch Springs resident is 28 years old with a yearly income of $25,117. The average family has 4.22 members and a median household income of $51,446. Balch Springs has a 7% higher education rate. The unemployment rate in Balch Springs is 5.3%.


Population
25,007 people

County
Dallas County

Renters

38.8% of Balch Springs households are renters.


Rent Burden

30.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dallas County 1
Texas 2
National 2
Studio $1,121 $669 $737
1 bedroom $1,235 $738 $813
2 bedroom $1,473 $912 $1,015
3 bedroom $1,902 $1,210 $1,325
4 bedroom $2,516 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Balch Springs Demographics


Median Individual Income
$25,117 / year

Median Household Income
$51,446 / year

Families w/ Dual Incomes
60%

Unemployment Rate
5.3%
Household Income Distribution
Balch Springs, TX

Median Age
28 years

Avg Family Size
4.22 people
Age Distribution
Balch Springs, TX

College Education or Above
7%

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

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