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Multifamily Loans in
Beaumont, TX

Overview

Beaumont is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Beaumont are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Beaumont are slightly higher than the national average. Beaumont apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Beaumont.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Beaumont, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Beaumont 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 $6M
5 Year Fixed 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.56% - 3.80%
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®
$6M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Beaumont 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 Nov 29, 2021


Multifamily Lenders in Beaumont, TX

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Beaumont.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Nov 29, 2021


Beaumont Market

The city of Beaumont in Jefferson County has a population of 116,825. The median rent in Jefferson County for a 2 bedroom is $935. The median Beaumont resident is 34 years old with a yearly income of $26,675. The average family has 3.19 members and a median household income of $50,632. Beaumont has a 25% higher education rate. The unemployment rate in Beaumont is 4.2%.


Population
116,825 people

County
Jefferson County

Renters

46% of Beaumont households are renters.


Rent Burden

29.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jefferson County 1
Texas 2
National 2
Studio $702 $669 $737
1 bedroom $752 $738 $813
2 bedroom $935 $912 $1,015
3 bedroom $1,217 $1,210 $1,325
4 bedroom $1,280 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Beaumont Demographics


Median Individual Income
$26,675 / year

Median Household Income
$50,632 / year

Families w/ Dual Incomes
45%

Unemployment Rate
4.2%
Household Income Distribution
Beaumont, TX

Median Age
34 years

Avg Family Size
3.19 people
Age Distribution
Beaumont, TX

College Education or Above
25%

STEM College Graduates
43%
Education Distribution
Beaumont, TX
Source: U.S. Census Bureau

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