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Multifamily Loans in
Coppell, TX

Overview

Coppell is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Coppell are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Coppell are some of the lowest nationally. Coppell 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 Coppell.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Coppell, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Coppell 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 3.01% - 3.26%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Coppell 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 Nov 29, 2021


Multifamily Lenders in Coppell, TX

All major multifamily lender types are lending in Coppell.


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 Nov 29, 2021


Coppell Market

The city of Coppell in Dallas County has a population of 41,421. The median rent in Dallas County for a 2 bedroom is $1,473. The median Coppell resident is 41 years old with a yearly income of $61,677. The average family has 3.09 members and a median household income of $122,340. Coppell has a 69% higher education rate. The unemployment rate in Coppell is 2.2%.


Population
41,421 people

County
Dallas County

Renters

28.1% of Coppell households are renters.


Rent Burden

24.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dallas County 1
Texas 2
National 2
Studio $1,121 $669 $737
1 bedroom $1,235 $738 $813
2 bedroom $1,473 $912 $1,015
3 bedroom $1,902 $1,210 $1,325
4 bedroom $2,516 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Coppell Demographics


Median Individual Income
$61,677 / year

Median Household Income
$122,340 / year

Families w/ Dual Incomes
63%

Unemployment Rate
2.2%
Household Income Distribution
Coppell, TX

Median Age
41 years

Avg Family Size
3.09 people
Age Distribution
Coppell, TX

College Education or Above
69%

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

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