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Multifamily Loans in
Hurst, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Hurst, TX

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

All major multifamily lender types are lending in Hurst.


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


Hurst Market

The city of Hurst in Tarrant County has a population of 38,655. The median rent in Tarrant County for a 2 bedroom is $1,333. The median Hurst resident is 37 years old with a yearly income of $32,217. The average family has 3.31 members and a median household income of $63,722. Hurst has a 31% higher education rate. The unemployment rate in Hurst is 3.9%.


Population
38,655 people

County
Tarrant County

Renters

37.2% of Hurst households are renters.


Rent Burden

30% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Tarrant County 1
Texas 2
National 2
Studio $967 $669 $737
1 bedroom $1,096 $738 $813
2 bedroom $1,333 $912 $1,015
3 bedroom $1,783 $1,210 $1,325
4 bedroom $2,229 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hurst Demographics


Median Individual Income
$32,217 / year

Median Household Income
$63,722 / year

Families w/ Dual Incomes
53%

Unemployment Rate
3.9%
Household Income Distribution
Hurst, TX

Median Age
37 years

Avg Family Size
3.31 people
Age Distribution
Hurst, TX

College Education or Above
31%

STEM College Graduates
38%
Education Distribution
Hurst, TX
Source: U.S. Census Bureau

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