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Multifamily Loans in
Baytown, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Baytown, TX

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

All major multifamily lender types are lending in Baytown.


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


Baytown Market

The city of Baytown in Harris County has a population of 77,192. The median rent in Harris County for a 2 bedroom is $1,306. The median Baytown resident is 33 years old with a yearly income of $30,233. The average family has 3.51 members and a median household income of $57,270. Baytown has a 15% higher education rate. The unemployment rate in Baytown is 8.2%.


Population
77,192 people

County
Harris County

Renters

43.2% of Baytown households are renters.


Rent Burden

27.1% 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

Baytown Demographics


Median Individual Income
$30,233 / year

Median Household Income
$57,270 / year

Families w/ Dual Incomes
50%

Unemployment Rate
8.2%
Household Income Distribution
Baytown, TX

Median Age
33 years

Avg Family Size
3.51 people
Age Distribution
Baytown, TX

College Education or Above
15%

STEM College Graduates
41%
Education Distribution
Baytown, TX
Source: U.S. Census Bureau

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