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Multifamily Loans in
Irving, TX

Overview

Irving is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Irving are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Irving are some of the lowest nationally. Irving 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 Irving.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Irving, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Irving 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 3.01% - 3.26%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.23% - 3.63%
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 Irving 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 Irving, TX

All major multifamily lender types are lending in Irving.


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


Irving Market

The city of Irving in Dallas County has a population of 239,798. The median rent in Dallas County for a 2 bedroom is $1,473. The median Irving resident is 32 years old with a yearly income of $32,164. The average family has 3.46 members and a median household income of $64,868. Irving has a 38% higher education rate. The unemployment rate in Irving is 4.4%.


Population
239,798 people

County
Dallas County

Renters

63.2% of Irving households are renters.


Rent Burden

24.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dallas 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

Irving Demographics


Median Individual Income
$32,164 / year

Median Household Income
$64,868 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.4%
Household Income Distribution
Irving, TX

Median Age
32 years

Avg Family Size
3.46 people
Age Distribution
Irving, TX

College Education or Above
38%

STEM College Graduates
54%
Education Distribution
Irving, TX
Source: U.S. Census Bureau

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