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.
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 | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.33% - 7.57% |
| 7 Year Fixed | 6.94% - 7.18% |
| 10 Year Fixed | 6.88% - 7.12% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Eagle Pass.
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%.
42.7% of Eagle Pass households are renters.
29.5% median household income spent on rent.
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 |
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