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Multifamily Loans in
Channelview, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Channelview, TX

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

All major multifamily lender types are lending in Channelview.


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


Channelview Market

The city of Channelview in Harris County has a population of 43,055. The median rent in Harris County for a 2 bedroom is $1,306. The median Channelview resident is 31 years old with a yearly income of $30,061. The average family has 3.96 members and a median household income of $63,581. Channelview has a 9% higher education rate. The unemployment rate in Channelview is 7.7%.


Population
43,055 people

County
Harris County

Renters

28.8% of Channelview households are renters.


Rent Burden

30% 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

Channelview Demographics


Median Individual Income
$30,061 / year

Median Household Income
$63,581 / year

Families w/ Dual Incomes
55%

Unemployment Rate
7.7%
Household Income Distribution
Channelview, TX

Median Age
31 years

Avg Family Size
3.96 people
Age Distribution
Channelview, TX

College Education or Above
9%

STEM College Graduates
46%
Education Distribution
Channelview, TX
Source: U.S. Census Bureau

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