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Multifamily Loans in
Mission Bend, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Mission Bend, TX

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

All major multifamily lender types are lending in Mission Bend.


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


Mission Bend Market

The city of Mission Bend in Fort Bend County has a population of 37,979. The median rent in Fort Bend County for a 2 bedroom is $1,306. The median Mission Bend resident is 35 years old with a yearly income of $27,688. The average family has 3.91 members and a median household income of $63,486. Mission Bend has a 22% higher education rate. The unemployment rate in Mission Bend is 5.1%.


Population
37,979 people

County
Fort Bend County

Renters

23.9% of Mission Bend households are renters.


Rent Burden

36.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Fort Bend County 1
Texas 2
National 2
Studio $1,008 $669 $737
1 bedroom $1,092 $738 $813
2 bedroom $1,306 $912 $1,015
3 bedroom $1,751 $1,210 $1,325
4 bedroom $2,232 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mission Bend Demographics


Median Individual Income
$27,688 / year

Median Household Income
$63,486 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.1%
Household Income Distribution
Mission Bend, TX

Median Age
35 years

Avg Family Size
3.91 people
Age Distribution
Mission Bend, TX

College Education or Above
22%

STEM College Graduates
53%
Education Distribution
Mission Bend, TX
Source: U.S. Census Bureau

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