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Multifamily Loans in
Missouri City, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Missouri City, TX

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

All major multifamily lender types are lending in Missouri City.


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


Missouri City Market

The city of Missouri City in Fort Bend County has a population of 75,457. The median rent in Fort Bend County for a 2 bedroom is $1,306. The median Missouri City resident is 40 years old with a yearly income of $39,192. The average family has 3.42 members and a median household income of $87,915. Missouri City has a 44% higher education rate. The unemployment rate in Missouri City is 6.7%.


Population
75,457 people

County
Fort Bend County

Renters

18.5% of Missouri City households are renters.


Rent Burden

29.9% 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

Missouri City Demographics


Median Individual Income
$39,192 / year

Median Household Income
$87,915 / year

Families w/ Dual Incomes
59%

Unemployment Rate
6.7%
Household Income Distribution
Missouri City, TX

Median Age
40 years

Avg Family Size
3.42 people
Age Distribution
Missouri City, TX

College Education or Above
44%

STEM College Graduates
52%
Education Distribution
Missouri City, TX
Source: U.S. Census Bureau

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