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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Burleson are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Burleson.
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%.
29.4% of Burleson households are renters.
25.1% median household income spent on rent.
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 |
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