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Multifamily Loans in
Marshall, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Marshall, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Marshall 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
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 Marshall 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 Marshall, TX

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


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


Marshall Market

The city of Marshall in Harrison County has a population of 22,831. The median rent in Harrison County for a 2 bedroom is $886. The median Marshall resident is 35 years old with a yearly income of $22,297. The average family has 3.42 members and a median household income of $41,250. Marshall has a 17% higher education rate. The unemployment rate in Marshall is 5.5%.


Population
22,831 people

County
Harrison County

Renters

41.7% of Marshall households are renters.


Rent Burden

33.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Harrison County 1
Texas 2
National 2
Studio $585 $669 $737
1 bedroom $717 $738 $813
2 bedroom $886 $912 $1,015
3 bedroom $1,113 $1,210 $1,325
4 bedroom $1,201 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Marshall Demographics


Median Individual Income
$22,297 / year

Median Household Income
$41,250 / year

Families w/ Dual Incomes
42%

Unemployment Rate
5.5%
Household Income Distribution
Marshall, TX

Median Age
35 years

Avg Family Size
3.42 people
Age Distribution
Marshall, TX

College Education or Above
17%

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

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