Loading...

Multifamily Loans in
Flower Mound, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Flower Mound, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Flower Mound 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Flower Mound 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 Flower Mound, TX

All major multifamily lender types are lending in Flower Mound.


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


Flower Mound Market

The city of Flower Mound in Denton County has a population of 79,135. The median rent in Denton County for a 2 bedroom is $1,473. The median Flower Mound resident is 40 years old with a yearly income of $57,268. The average family has 3.33 members and a median household income of $137,285. Flower Mound has a 62% higher education rate. The unemployment rate in Flower Mound is 3.8%.


Population
79,135 people

County
Denton County

Renters

14.2% of Flower Mound households are renters.


Rent Burden

26.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Denton 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

Flower Mound Demographics


Median Individual Income
$57,268 / year

Median Household Income
$137,285 / year

Families w/ Dual Incomes
66%

Unemployment Rate
3.8%
Household Income Distribution
Flower Mound, TX

Median Age
40 years

Avg Family Size
3.33 people
Age Distribution
Flower Mound, TX

College Education or Above
62%

STEM College Graduates
43%
Education Distribution
Flower Mound, TX
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day