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Multifamily Loans in
Kingsville, TX

Overview

Kingsville is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Kingsville are considered greater risk due to market dynamics. Interest rates for multifamily loans in Kingsville are higher than the national average. Kingsville 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 Kingsville.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Kingsville, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kingsville 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
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 Kingsville 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 Kingsville, TX

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


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 Dec 03, 2021


Kingsville Market

The city of Kingsville in Kleberg County has a population of 25,315. The median rent in Kleberg County for a 2 bedroom is $939. The median Kingsville resident is 27 years old with a yearly income of $22,167. The average family has 3.19 members and a median household income of $42,452. Kingsville has a 25% higher education rate. The unemployment rate in Kingsville is 8.0%.


Population
25,315 people

County
Kleberg County

Renters

52.9% of Kingsville households are renters.


Rent Burden

41.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kleberg County 1
Texas 2
National 2
Studio $689 $669 $737
1 bedroom $712 $738 $813
2 bedroom $939 $912 $1,015
3 bedroom $1,295 $1,210 $1,325
4 bedroom $1,617 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kingsville Demographics


Median Individual Income
$22,167 / year

Median Household Income
$42,452 / year

Families w/ Dual Incomes
43%

Unemployment Rate
8.0%
Household Income Distribution
Kingsville, TX

Median Age
27 years

Avg Family Size
3.19 people
Age Distribution
Kingsville, TX

College Education or Above
25%

STEM College Graduates
45%
Education Distribution
Kingsville, TX
Source: U.S. Census Bureau

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