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Multifamily Loans in
Little Elm, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Little Elm, TX

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

All major multifamily lender types are lending in Little Elm.


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


Little Elm Market

The city of Little Elm in Denton County has a population of 53,126. The median rent in Denton County for a 2 bedroom is $1,473. The median Little Elm resident is 34 years old with a yearly income of $45,661. The average family has 3.5 members and a median household income of $98,803. Little Elm has a 43% higher education rate. The unemployment rate in Little Elm is 5.5%.


Population
53,126 people

County
Denton County

Renters

23.5% of Little Elm households are renters.


Rent Burden

33.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Denton County 1
Texas 2
National 2
Studio $1,121 $669 $737
1 bedroom $1,235 $738 $813
2 bedroom $1,473 $912 $1,015
3 bedroom $1,902 $1,210 $1,325
4 bedroom $2,516 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Little Elm Demographics


Median Individual Income
$45,661 / year

Median Household Income
$98,803 / year

Families w/ Dual Incomes
68%

Unemployment Rate
5.5%
Household Income Distribution
Little Elm, TX

Median Age
34 years

Avg Family Size
3.5 people
Age Distribution
Little Elm, TX

College Education or Above
43%

STEM College Graduates
41%
Education Distribution
Little Elm, TX
Source: U.S. Census Bureau

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