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Multifamily Loans in
Dallas, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Dallas, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dallas 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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
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 Dallas 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 Dallas, TX

All major multifamily lender types are lending in Dallas.


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


Dallas Market

The city of Dallas in Dallas County has a population of 1,343,570. The median rent in Dallas County for a 2 bedroom is $1,473. The median Dallas resident is 33 years old with a yearly income of $30,634. The average family has 3.45 members and a median household income of $52,580. Dallas has a 33% higher education rate. The unemployment rate in Dallas is 4.7%.


Population
1,343,570 people

County
Dallas County

Renters

59.1% of Dallas households are renters.


Rent Burden

29.5% 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

Dallas Demographics


Median Individual Income
$30,634 / year

Median Household Income
$52,580 / year

Families w/ Dual Incomes
52%

Unemployment Rate
4.7%
Household Income Distribution
Dallas, TX

Median Age
33 years

Avg Family Size
3.45 people
Age Distribution
Dallas, TX

College Education or Above
33%

STEM College Graduates
41%
Education Distribution
Dallas, TX
Source: U.S. Census Bureau

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