Nacogdoches is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Nacogdoches are considered greater risk due to market dynamics. Interest rates for multifamily loans in Nacogdoches are higher than the national average. Nacogdoches apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Nacogdoches.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Nacogdoches 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 $6M |
|---|---|
| 5 Year Fixed | 7.33% - 7.57% |
| 7 Year Fixed | 6.94% - 7.18% |
| 10 Year Fixed | 6.88% - 7.12% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Nacogdoches.
The city of Nacogdoches in Nacogdoches County has a population of 32,877. The median rent in Nacogdoches County for a 2 bedroom is $900. The median Nacogdoches resident is 24 years old with a yearly income of $17,191. The average family has 3.06 members and a median household income of $36,553. Nacogdoches has a 30% higher education rate. The unemployment rate in Nacogdoches is 11.3%.
62.5% of Nacogdoches households are renters.
40.8% median household income spent on rent.
Bedrooms |
Nacogdoches County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $618 | $669 | $737 |
| 1 bedroom | $734 | $738 | $813 |
| 2 bedroom | $900 | $912 | $1,015 |
| 3 bedroom | $1,177 | $1,210 | $1,325 |
| 4 bedroom | $1,333 | $1,407 | $1,521 |
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