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Multifamily Loans in
Denison, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Denison, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Denison 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
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 Denison 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 Denison, TX

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


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


Denison Market

The city of Denison in Grayson County has a population of 25,529. The median rent in Grayson County for a 2 bedroom is $1,010. The median Denison resident is 39 years old with a yearly income of $25,999. The average family has 3.28 members and a median household income of $43,586. Denison has a 17% higher education rate. The unemployment rate in Denison is 7.4%.


Population
25,529 people

County
Grayson County

Renters

39.4% of Denison households are renters.


Rent Burden

30.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Grayson County 1
Texas 2
National 2
Studio $696 $669 $737
1 bedroom $834 $738 $813
2 bedroom $1,010 $912 $1,015
3 bedroom $1,361 $1,210 $1,325
4 bedroom $1,534 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Denison Demographics


Median Individual Income
$25,999 / year

Median Household Income
$43,586 / year

Families w/ Dual Incomes
50%

Unemployment Rate
7.4%
Household Income Distribution
Denison, TX

Median Age
39 years

Avg Family Size
3.28 people
Age Distribution
Denison, TX

College Education or Above
17%

STEM College Graduates
35%
Education Distribution
Denison, TX
Source: U.S. Census Bureau

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