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.
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 | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Missouri City.
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%.
18.5% of Missouri City households are renters.
29.9% median household income spent on rent.
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 |
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