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Multifamily Loans in
Cloverleaf, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Cloverleaf, TX

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

All major multifamily lender types are lending in Cloverleaf.


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


Cloverleaf Market

The city of Cloverleaf in Harris County has a population of 25,718. The median rent in Harris County for a 2 bedroom is $1,306. The median Cloverleaf resident is 30 years old with a yearly income of $26,180. The average family has 4.08 members and a median household income of $50,494. Cloverleaf has a 13% higher education rate. The unemployment rate in Cloverleaf is 6.7%.


Population
25,718 people

County
Harris County

Renters

38.8% of Cloverleaf households are renters.


Rent Burden

31.2% 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

Cloverleaf Demographics


Median Individual Income
$26,180 / year

Median Household Income
$50,494 / year

Families w/ Dual Incomes
46%

Unemployment Rate
6.7%
Household Income Distribution
Cloverleaf, TX

Median Age
30 years

Avg Family Size
4.08 people
Age Distribution
Cloverleaf, TX

College Education or Above
13%

STEM College Graduates
33%
Education Distribution
Cloverleaf, TX
Source: U.S. Census Bureau

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