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Multifamily Loans in
Euless, TX

Overview

Euless is located in a good market for 5+ unit multifamily loans. Multifamily loans in Euless are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Euless are competitive. Euless 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 Euless.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Euless, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Euless 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.30% - 3.75%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Euless 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 Nov 29, 2021


Multifamily Lenders in Euless, TX

All major multifamily lender types are lending in Euless.


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 Nov 29, 2021


Euless Market

The city of Euless in Tarrant County has a population of 57,197. The median rent in Tarrant County for a 2 bedroom is $1,333. The median Euless resident is 35 years old with a yearly income of $37,728. The average family has 3.23 members and a median household income of $65,921. Euless has a 36% higher education rate. The unemployment rate in Euless is 3.4%.


Population
57,197 people

County
Tarrant County

Renters

56.1% of Euless households are renters.


Rent Burden

25.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Tarrant County 1
Texas 2
National 2
Studio $967 $669 $737
1 bedroom $1,096 $738 $813
2 bedroom $1,333 $912 $1,015
3 bedroom $1,783 $1,210 $1,325
4 bedroom $2,229 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Euless Demographics


Median Individual Income
$37,728 / year

Median Household Income
$65,921 / year

Families w/ Dual Incomes
58%

Unemployment Rate
3.4%
Household Income Distribution
Euless, TX

Median Age
35 years

Avg Family Size
3.23 people
Age Distribution
Euless, TX

College Education or Above
36%

STEM College Graduates
44%
Education Distribution
Euless, TX
Source: U.S. Census Bureau

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