Loading...

Multifamily Loans in
Laredo, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Laredo, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Laredo 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 Laredo 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 Laredo, TX

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


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


Laredo Market

The city of Laredo in Webb County has a population of 262,491. The median rent in Webb County for a 2 bedroom is $965. The median Laredo resident is 29 years old with a yearly income of $22,228. The average family has 4.11 members and a median household income of $47,593. Laredo has a 19% higher education rate. The unemployment rate in Laredo is 4.8%.


Population
262,491 people

County
Webb County

Renters

38.2% of Laredo households are renters.


Rent Burden

34.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Webb County 1
Texas 2
National 2
Studio $770 $669 $737
1 bedroom $775 $738 $813
2 bedroom $965 $912 $1,015
3 bedroom $1,265 $1,210 $1,325
4 bedroom $1,425 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Laredo Demographics


Median Individual Income
$22,228 / year

Median Household Income
$47,593 / year

Families w/ Dual Incomes
51%

Unemployment Rate
4.8%
Household Income Distribution
Laredo, TX

Median Age
29 years

Avg Family Size
4.11 people
Age Distribution
Laredo, TX

College Education or Above
19%

STEM College Graduates
35%
Education Distribution
Laredo, TX
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day