Georgetown is located in a good market for 5+ unit multifamily loans. Multifamily loans in Georgetown are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Georgetown are competitive. Georgetown 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 Georgetown.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Georgetown are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Georgetown.
The city of Georgetown in Williamson County has a population of 79,604. The median rent in Williamson County for a 2 bedroom is $1,549. The median Georgetown resident is 46 years old with a yearly income of $35,469. The average family has 3.12 members and a median household income of $73,822. Georgetown has a 42% higher education rate. The unemployment rate in Georgetown is 5.9%.
27.8% of Georgetown households are renters.
32.6% median household income spent on rent.
Bedrooms |
Williamson County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $1,144 | $669 | $737 |
| 1 bedroom | $1,309 | $738 | $813 |
| 2 bedroom | $1,549 | $912 | $1,015 |
| 3 bedroom | $1,997 | $1,210 | $1,325 |
| 4 bedroom | $2,384 | $1,407 | $1,521 |
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