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Multifamily Loans in
Killeen, TX

Overview

Killeen is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Killeen are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Killeen are slightly higher than the national average. Killeen apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Killeen.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Killeen, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Killeen 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 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.56% - 3.80%
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 3.11% - 3.36%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.33% - 3.73%
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 Killeen 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 Killeen, TX

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


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


Killeen Market

The city of Killeen in Bell County has a population of 151,666. The median rent in Bell County for a 2 bedroom is $864. The median Killeen resident is 29 years old with a yearly income of $29,716. The average family has 3.35 members and a median household income of $49,630. Killeen has a 20% higher education rate. The unemployment rate in Killeen is 10.4%.


Population
151,666 people

County
Bell County

Renters

56.2% of Killeen households are renters.


Rent Burden

27.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Bell County 1
Texas 2
National 2
Studio $674 $669 $737
1 bedroom $678 $738 $813
2 bedroom $864 $912 $1,015
3 bedroom $1,237 $1,210 $1,325
4 bedroom $1,496 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Killeen Demographics


Median Individual Income
$29,716 / year

Median Household Income
$49,630 / year

Families w/ Dual Incomes
50%

Unemployment Rate
10.4%
Household Income Distribution
Killeen, TX

Median Age
29 years

Avg Family Size
3.35 people
Age Distribution
Killeen, TX

College Education or Above
20%

STEM College Graduates
40%
Education Distribution
Killeen, TX
Source: U.S. Census Bureau

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