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Multifamily Loans in
Murphy, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Murphy, TX

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

All major multifamily lender types are lending in Murphy.


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


Murphy Market

The city of Murphy in Collin County has a population of 20,500. The median rent in Collin County for a 2 bedroom is $1,473. The median Murphy resident is 38 years old with a yearly income of $48,037. The average family has 3.99 members and a median household income of $126,196. Murphy has a 56% higher education rate. The unemployment rate in Murphy is 4.9%.


Population
20,500 people

County
Collin County

Renters

15.1% of Murphy households are renters.


Rent Burden

40.6% 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

Murphy Demographics


Median Individual Income
$48,037 / year

Median Household Income
$126,196 / year

Families w/ Dual Incomes
70%

Unemployment Rate
4.9%
Household Income Distribution
Murphy, TX

Median Age
38 years

Avg Family Size
3.99 people
Age Distribution
Murphy, TX

College Education or Above
56%

STEM College Graduates
58%
Education Distribution
Murphy, TX
Source: U.S. Census Bureau

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