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Multifamily Loans in
Longview, TX

Overview

Longview is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Longview are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Longview are slightly higher than the national average. Longview apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Longview.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Longview, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Longview 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 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.56% - 3.80%
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 3.11% - 3.36%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.33% - 3.73%
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 Longview 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 Longview, TX

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


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 Nov 29, 2021


Longview Market

The city of Longview in Gregg County has a population of 81,631. The median rent in Gregg County for a 2 bedroom is $899. The median Longview resident is 35 years old with a yearly income of $25,387. The average family has 3.3 members and a median household income of $49,086. Longview has a 21% higher education rate. The unemployment rate in Longview is 5.0%.


Population
81,631 people

County
Gregg County

Renters

45.7% of Longview households are renters.


Rent Burden

28.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Gregg County 1
Texas 2
National 2
Studio $638 $669 $737
1 bedroom $762 $738 $813
2 bedroom $899 $912 $1,015
3 bedroom $1,218 $1,210 $1,325
4 bedroom $1,429 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Longview Demographics


Median Individual Income
$25,387 / year

Median Household Income
$49,086 / year

Families w/ Dual Incomes
50%

Unemployment Rate
5.0%
Household Income Distribution
Longview, TX

Median Age
35 years

Avg Family Size
3.3 people
Age Distribution
Longview, TX

College Education or Above
21%

STEM College Graduates
39%
Education Distribution
Longview, TX
Source: U.S. Census Bureau

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