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Multifamily Loans in
Mckinney, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Mckinney, TX

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

All major multifamily lender types are lending in Mckinney.


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


Mckinney Market

The city of Mckinney in Collin County has a population of 199,177. The median rent in Collin County for a 2 bedroom is $1,473. The median Mckinney resident is 36 years old with a yearly income of $44,877. The average family has 3.35 members and a median household income of $93,354. Mckinney has a 47% higher education rate. The unemployment rate in Mckinney is 3.2%.


Population
199,177 people

County
Collin County

Renters

34.2% of Mckinney households are renters.


Rent Burden

30.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Collin 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

Mckinney Demographics


Median Individual Income
$44,877 / year

Median Household Income
$93,354 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.2%
Household Income Distribution
Mckinney, TX

Median Age
36 years

Avg Family Size
3.35 people
Age Distribution
Mckinney, TX

College Education or Above
47%

STEM College Graduates
43%
Education Distribution
Mckinney, TX
Source: U.S. Census Bureau

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