Leander is located in a good market for 5+ unit multifamily loans. Multifamily loans in Leander are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Leander are competitive. Leander 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 Leander.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Leander are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Leander.
The city of Leander in Williamson County has a population of 62,608. The median rent in Williamson County for a 2 bedroom is $1,549. The median Leander resident is 34 years old with a yearly income of $44,729. The average family has 3.74 members and a median household income of $101,872. Leander has a 41% higher education rate. The unemployment rate in Leander is 3.1%.
21.8% of Leander households are renters.
33.4% median household income spent on rent.
Bedrooms |
Williamson County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $1,144 | $669 | $737 |
| 1 bedroom | $1,309 | $738 | $813 |
| 2 bedroom | $1,549 | $912 | $1,015 |
| 3 bedroom | $1,997 | $1,210 | $1,325 |
| 4 bedroom | $2,384 | $1,407 | $1,521 |
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