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Multifamily Loans in
Farmers Branch, TX

Overview

Farmers Branch is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Farmers Branch are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Farmers Branch are some of the lowest nationally. Farmers Branch 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 Farmers Branch.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Farmers Branch, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Farmers Branch 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
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 Farmers Branch 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 Farmers Branch, TX

All major multifamily lender types are lending in Farmers Branch.


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 Dec 03, 2021


Farmers Branch Market

The city of Farmers Branch in Dallas County has a population of 48,158. The median rent in Dallas County for a 2 bedroom is $1,473. The median Farmers Branch resident is 36 years old with a yearly income of $36,461. The average family has 3.34 members and a median household income of $74,464. Farmers Branch has a 37% higher education rate. The unemployment rate in Farmers Branch is 3.4%.


Population
48,158 people

County
Dallas County

Renters

46.7% of Farmers Branch households are renters.


Rent Burden

24.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dallas 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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Farmers Branch Demographics


Median Individual Income
$36,461 / year

Median Household Income
$74,464 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.4%
Household Income Distribution
Farmers Branch, TX

Median Age
36 years

Avg Family Size
3.34 people
Age Distribution
Farmers Branch, TX

College Education or Above
37%

STEM College Graduates
39%
Education Distribution
Farmers Branch, TX
Source: U.S. Census Bureau

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