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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Beaumont are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.58% - 6.82% |
| 7 Year Fixed | 6.34% - 6.58% |
| 10 Year Fixed | 6.33% - 6.57% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.74% - 5.84% |
| 7 Year Fixed | 5.79% - 5.89% |
| 10 Year Fixed | 5.77% - 5.87% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Beaumont.
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%.
46% of Beaumont households are renters.
29.2% median household income spent on rent.
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 |
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