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Multifamily Loans in
College Station, TX

Overview

College Station is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in College Station are considered moderate risk due to market dynamics. Interest rates for multifamily loans in College Station are slightly higher than the national average. College Station 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 College Station.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in College Station, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in College Station 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 $6M
5 Year Fixed 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.56% - 3.80%
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®
$6M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
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 College Station 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 College Station, TX

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in College Station.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 03, 2021


College Station Market

The city of College Station in Brazos County has a population of 117,911. The median rent in Brazos County for a 2 bedroom is $959. The median College Station resident is 23 years old with a yearly income of $20,395. The average family has 3.05 members and a median household income of $45,820. College Station has a 59% higher education rate. The unemployment rate in College Station is 4.0%.


Population
117,911 people

County
Brazos County

Renters

62.3% of College Station households are renters.


Rent Burden

41.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Brazos County 1
Texas 2
National 2
Studio $724 $669 $737
1 bedroom $817 $738 $813
2 bedroom $959 $912 $1,015
3 bedroom $1,372 $1,210 $1,325
4 bedroom $1,660 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

College Station Demographics


Median Individual Income
$20,395 / year

Median Household Income
$45,820 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.0%
Household Income Distribution
College Station, TX

Median Age
23 years

Avg Family Size
3.05 people
Age Distribution
College Station, TX

College Education or Above
59%

STEM College Graduates
59%
Education Distribution
College Station, TX
Source: U.S. Census Bureau

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