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Multifamily Loans in
Edinburg, TX

Overview

Edinburg is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Edinburg are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Edinburg are slightly higher than the national average. Edinburg apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Edinburg.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Edinburg, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Edinburg 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 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.56% - 3.80%
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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
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 Edinburg 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 Edinburg, TX

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


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


Edinburg Market

The city of Edinburg in Hidalgo County has a population of 101,170. The median rent in Hidalgo County for a 2 bedroom is $785. The median Edinburg resident is 29 years old with a yearly income of $23,208. The average family has 3.78 members and a median household income of $48,673. Edinburg has a 28% higher education rate. The unemployment rate in Edinburg is 7.1%.


Population
101,170 people

County
Hidalgo County

Renters

44.2% of Edinburg households are renters.


Rent Burden

31.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hidalgo County 1
Texas 2
National 2
Studio $606 $669 $737
1 bedroom $610 $738 $813
2 bedroom $785 $912 $1,015
3 bedroom $1,012 $1,210 $1,325
4 bedroom $1,137 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Edinburg Demographics


Median Individual Income
$23,208 / year

Median Household Income
$48,673 / year

Families w/ Dual Incomes
54%

Unemployment Rate
7.1%
Household Income Distribution
Edinburg, TX

Median Age
29 years

Avg Family Size
3.78 people
Age Distribution
Edinburg, TX

College Education or Above
28%

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

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