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Multifamily Loans in
Del Rio, TX

Overview

Del Rio is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Del Rio are considered greater risk due to market dynamics. Interest rates for multifamily loans in Del Rio are higher than the national average. Del Rio apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Del Rio.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Del Rio, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Del Rio 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.73% - 3.97%
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 3.40% - 3.85%
10 Year Fixed 3.38% - 3.78%
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 Del Rio 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 Del Rio, TX

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


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 Nov 29, 2021


Del Rio Market

The city of Del Rio in Val Verde County has a population of 35,760. The median rent in Val Verde County for a 2 bedroom is $853. The median Del Rio resident is 34 years old with a yearly income of $20,363. The average family has 3.63 members and a median household income of $44,959. Del Rio has a 19% higher education rate. The unemployment rate in Del Rio is 5.1%.


Population
35,760 people

County
Val Verde County

Renters

39.4% of Del Rio households are renters.


Rent Burden

27% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Val Verde County 1
Texas 2
National 2
Studio $643 $669 $737
1 bedroom $647 $738 $813
2 bedroom $853 $912 $1,015
3 bedroom $1,152 $1,210 $1,325
4 bedroom $1,157 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Del Rio Demographics


Median Individual Income
$20,363 / year

Median Household Income
$44,959 / year

Families w/ Dual Incomes
49%

Unemployment Rate
5.1%
Household Income Distribution
Del Rio, TX

Median Age
34 years

Avg Family Size
3.63 people
Age Distribution
Del Rio, TX

College Education or Above
19%

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

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