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Multifamily Loans in
Friendswood, TX

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Friendswood, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Friendswood 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 Friendswood 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 Friendswood, TX

All major multifamily lender types are lending in Friendswood.


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


Friendswood Market

The city of Friendswood in Galveston County has a population of 40,290. The median rent in Galveston County for a 2 bedroom is $1,306. The median Friendswood resident is 39 years old with a yearly income of $48,595. The average family has 3.35 members and a median household income of $111,478. Friendswood has a 49% higher education rate. The unemployment rate in Friendswood is 5.6%.


Population
40,290 people

County
Galveston County

Renters

18.8% of Friendswood households are renters.


Rent Burden

25.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Galveston County 1
Texas 2
National 2
Studio $1,008 $669 $737
1 bedroom $1,092 $738 $813
2 bedroom $1,306 $912 $1,015
3 bedroom $1,751 $1,210 $1,325
4 bedroom $2,232 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Friendswood Demographics


Median Individual Income
$48,595 / year

Median Household Income
$111,478 / year

Families w/ Dual Incomes
60%

Unemployment Rate
5.6%
Household Income Distribution
Friendswood, TX

Median Age
39 years

Avg Family Size
3.35 people
Age Distribution
Friendswood, TX

College Education or Above
49%

STEM College Graduates
51%
Education Distribution
Friendswood, TX
Source: U.S. Census Bureau

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