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Multifamily Loans in
Lake Jackson, TX

Overview

Lake Jackson is located in a good market for 5+ unit multifamily loans. Multifamily loans in Lake Jackson are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Lake Jackson are competitive. Lake Jackson 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 Lake Jackson.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Lake Jackson, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lake Jackson 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.06% - 3.31%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.28% - 3.68%
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 Lake Jackson 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 Lake Jackson, TX

All major multifamily lender types are lending in Lake Jackson.


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


Lake Jackson Market

The city of Lake Jackson in Brazoria County has a population of 27,220. The median rent in Brazoria County for a 2 bedroom is $1,249. The median Lake Jackson resident is 35 years old with a yearly income of $41,605. The average family has 3.13 members and a median household income of $82,465. Lake Jackson has a 35% higher education rate. The unemployment rate in Lake Jackson is 4.3%.


Population
27,220 people

County
Brazoria County

Renters

35.2% of Lake Jackson households are renters.


Rent Burden

23.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Brazoria County 1
Texas 2
National 2
Studio $824 $669 $737
1 bedroom $1,096 $738 $813
2 bedroom $1,249 $912 $1,015
3 bedroom $1,675 $1,210 $1,325
4 bedroom $2,163 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Lake Jackson Demographics


Median Individual Income
$41,605 / year

Median Household Income
$82,465 / year

Families w/ Dual Incomes
56%

Unemployment Rate
4.3%
Household Income Distribution
Lake Jackson, TX

Median Age
35 years

Avg Family Size
3.13 people
Age Distribution
Lake Jackson, TX

College Education or Above
35%

STEM College Graduates
57%
Education Distribution
Lake Jackson, TX
Source: U.S. Census Bureau

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