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Multifamily Loans in
Desoto, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Desoto, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Desoto 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 Desoto 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 Desoto, TX

All major multifamily lender types are lending in Desoto.


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


Desoto Market

The city of Desoto in Dallas County has a population of 52,988. The median rent in Dallas County for a 2 bedroom is $1,473. The median Desoto resident is 39 years old with a yearly income of $37,669. The average family has 3.32 members and a median household income of $71,578. Desoto has a 28% higher education rate. The unemployment rate in Desoto is 5.2%.


Population
52,988 people

County
Dallas County

Renters

36.5% of Desoto households are renters.


Rent Burden

38.2% 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

Desoto Demographics


Median Individual Income
$37,669 / year

Median Household Income
$71,578 / year

Families w/ Dual Incomes
57%

Unemployment Rate
5.2%
Household Income Distribution
Desoto, TX

Median Age
39 years

Avg Family Size
3.32 people
Age Distribution
Desoto, TX

College Education or Above
28%

STEM College Graduates
37%
Education Distribution
Desoto, TX
Source: U.S. Census Bureau

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