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Multifamily Loans in
Burleson, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Burleson, TX

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

All major multifamily lender types are lending in Burleson.


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


Burleson Market

The city of Burleson in Johnson County has a population of 48,225. The median rent in Johnson County for a 2 bedroom is $1,333. The median Burleson resident is 35 years old with a yearly income of $40,929. The average family has 3.28 members and a median household income of $79,784. Burleson has a 27% higher education rate. The unemployment rate in Burleson is 3.6%.


Population
48,225 people

County
Johnson County

Renters

29.4% of Burleson households are renters.


Rent Burden

25.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Johnson County 1
Texas 2
National 2
Studio $967 $669 $737
1 bedroom $1,096 $738 $813
2 bedroom $1,333 $912 $1,015
3 bedroom $1,783 $1,210 $1,325
4 bedroom $2,229 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Burleson Demographics


Median Individual Income
$40,929 / year

Median Household Income
$79,784 / year

Families w/ Dual Incomes
61%

Unemployment Rate
3.6%
Household Income Distribution
Burleson, TX

Median Age
35 years

Avg Family Size
3.28 people
Age Distribution
Burleson, TX

College Education or Above
27%

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

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