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Multifamily Loans in
Eagle Pass, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Eagle Pass, TX

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

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


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


Eagle Pass Market

The city of Eagle Pass in Maverick County has a population of 29,684. The median rent in Maverick County for a 2 bedroom is $781. The median Eagle Pass resident is 30 years old with a yearly income of $19,084. The average family has 3.81 members and a median household income of $42,901. Eagle Pass has a 16% higher education rate. The unemployment rate in Eagle Pass is 8.9%.


Population
29,684 people

County
Maverick County

Renters

42.7% of Eagle Pass households are renters.


Rent Burden

29.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Maverick County 1
Texas 2
National 2
Studio $601 $669 $737
1 bedroom $605 $738 $813
2 bedroom $781 $912 $1,015
3 bedroom $973 $1,210 $1,325
4 bedroom $1,166 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Eagle Pass Demographics


Median Individual Income
$19,084 / year

Median Household Income
$42,901 / year

Families w/ Dual Incomes
46%

Unemployment Rate
8.9%
Household Income Distribution
Eagle Pass, TX

Median Age
30 years

Avg Family Size
3.81 people
Age Distribution
Eagle Pass, TX

College Education or Above
16%

STEM College Graduates
38%
Education Distribution
Eagle Pass, TX
Source: U.S. Census Bureau

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