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Multifamily Loans in
Houston, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Houston, TX

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

All major multifamily lender types are lending in Houston.


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


Houston Market

The city of Houston in Harris County has a population of 2,320,270. The median rent in Harris County for a 2 bedroom is $1,306. The median Houston resident is 33 years old with a yearly income of $29,259. The average family has 3.45 members and a median household income of $52,338. Houston has a 33% higher education rate. The unemployment rate in Houston is 5.9%.


Population
2,320,270 people

County
Harris County

Renters

57.7% of Houston households are renters.


Rent Burden

31.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Harris 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

Houston Demographics


Median Individual Income
$29,259 / year

Median Household Income
$52,338 / year

Families w/ Dual Incomes
50%

Unemployment Rate
5.9%
Household Income Distribution
Houston, TX

Median Age
33 years

Avg Family Size
3.45 people
Age Distribution
Houston, TX

College Education or Above
33%

STEM College Graduates
49%
Education Distribution
Houston, TX
Source: U.S. Census Bureau

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