Kerrville is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Kerrville are considered greater risk due to market dynamics. Interest rates for multifamily loans in Kerrville are higher than the national average. Kerrville apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Kerrville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kerrville are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.28% - 5.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Kerrville.
The city of Kerrville in Kerr County has a population of 23,754. The median rent in Kerr County for a 2 bedroom is $912. The median Kerrville resident is 46 years old with a yearly income of $26,273. The average family has 2.77 members and a median household income of $48,446. Kerrville has a 29% higher education rate. The unemployment rate in Kerrville is 4.6%.
40.7% of Kerrville households are renters.
29.4% median household income spent on rent.
Bedrooms |
Kerr County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $782 | $669 | $737 |
| 1 bedroom | $800 | $738 | $813 |
| 2 bedroom | $912 | $912 | $1,015 |
| 3 bedroom | $1,305 | $1,210 | $1,325 |
| 4 bedroom | $1,342 | $1,407 | $1,521 |
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