Ennis is located in a good market for 5+ unit multifamily loans. Multifamily loans in Ennis are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Ennis are competitive. Ennis 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 Ennis.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ennis are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.91% - 7.65% |
| 7 Year Fixed | 6.77% - 7.28% |
| 10 Year Fixed | 6.69% - 7.09% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.14% - 6.38% |
| 7 Year Fixed | 6.93% - 6.17% |
| 10 Year Fixed | 5.84% - 6.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.57% - 7.08% |
| 10 Year Fixed | 6.49% - 6.89% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.87% - 6.02% |
| 7 Year Fixed | 5.84% - 5.99% |
| 10 Year Fixed | 5.76% - 5.91% |
All major multifamily lender types are lending in Ennis.
The city of Ennis in Ellis County has a population of 20,357. The median rent in Ellis County for a 2 bedroom is $1,473. The median Ennis resident is 34 years old with a yearly income of $29,915. The average family has 3.54 members and a median household income of $57,619. Ennis has a 16% higher education rate. The unemployment rate in Ennis is 3.2%.
37.5% of Ennis households are renters.
27.2% median household income spent on rent.
Bedrooms |
Ellis 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 |
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