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Multifamily Loans in
League City, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in League City, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in League City 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 League City 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 League City, TX

All major multifamily lender types are lending in League City.


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 Dec 03, 2021


League City Market

The city of League City in Galveston County has a population of 107,536. The median rent in Galveston County for a 2 bedroom is $1,306. The median League City resident is 35 years old with a yearly income of $53,935. The average family has 3.31 members and a median household income of $109,073. League City has a 47% higher education rate. The unemployment rate in League City is 4.6%.


Population
107,536 people

County
Galveston County

Renters

23.8% of League City households are renters.


Rent Burden

26.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Galveston County 1
Texas 2
National 2
Studio $1,008 $669 $737
1 bedroom $1,092 $738 $813
2 bedroom $1,306 $912 $1,015
3 bedroom $1,751 $1,210 $1,325
4 bedroom $2,232 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

League City Demographics


Median Individual Income
$53,935 / year

Median Household Income
$109,073 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.6%
Household Income Distribution
League City, TX

Median Age
35 years

Avg Family Size
3.31 people
Age Distribution
League City, TX

College Education or Above
47%

STEM College Graduates
51%
Education Distribution
League City, TX
Source: U.S. Census Bureau

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