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Multifamily Loans in
Kerrville, TX

Overview

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.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Kerrville, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kerrville 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 $6M
5 Year Fixed 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.73% - 3.97%
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®
$6M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.40% - 3.85%
10 Year Fixed 3.38% - 3.78%
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 Kerrville 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 Kerrville, TX

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Kerrville.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Nov 29, 2021


Kerrville Market

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%.


Population
23,754 people

County
Kerr County

Renters

40.7% of Kerrville households are renters.


Rent Burden

29.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kerrville Demographics


Median Individual Income
$26,273 / year

Median Household Income
$48,446 / year

Families w/ Dual Incomes
35%

Unemployment Rate
4.6%
Household Income Distribution
Kerrville, TX

Median Age
46 years

Avg Family Size
2.77 people
Age Distribution
Kerrville, TX

College Education or Above
29%

STEM College Graduates
39%
Education Distribution
Kerrville, TX
Source: U.S. Census Bureau

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