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Multifamily Loans in
Denton, TX

Overview

Denton is located in a good market for 5+ unit multifamily loans. Multifamily loans in Denton are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Denton are competitive. Denton 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 Denton.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Denton, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Denton 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Denton 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 Denton, TX

All major multifamily lender types are lending in Denton.


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


Denton Market

The city of Denton in Denton County has a population of 141,541. The median rent in Denton County for a 2 bedroom is $1,473. The median Denton resident is 29 years old with a yearly income of $26,499. The average family has 3.29 members and a median household income of $60,018. Denton has a 39% higher education rate. The unemployment rate in Denton is 5.2%.


Population
141,541 people

County
Denton County

Renters

51.3% of Denton households are renters.


Rent Burden

35.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Denton 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

Denton Demographics


Median Individual Income
$26,499 / year

Median Household Income
$60,018 / year

Families w/ Dual Incomes
60%

Unemployment Rate
5.2%
Household Income Distribution
Denton, TX

Median Age
29 years

Avg Family Size
3.29 people
Age Distribution
Denton, TX

College Education or Above
39%

STEM College Graduates
40%
Education Distribution
Denton, TX
Source: U.S. Census Bureau

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