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Multifamily Loans in
Nacogdoches, TX

Overview

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.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Nacogdoches, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Nacogdoches 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 $6M
5 Year Fixed 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.73% - 3.97%
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®
$6M to $100M
5 Year Fixed 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
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 Nacogdoches 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 Nacogdoches, TX

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Nacogdoches.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 03, 2021


Nacogdoches Market

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%.


Population
32,877 people

County
Nacogdoches County

Renters

62.5% of Nacogdoches households are renters.


Rent Burden

40.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Nacogdoches Demographics


Median Individual Income
$17,191 / year

Median Household Income
$36,553 / year

Families w/ Dual Incomes
44%

Unemployment Rate
11.3%
Household Income Distribution
Nacogdoches, TX

Median Age
24 years

Avg Family Size
3.06 people
Age Distribution
Nacogdoches, TX

College Education or Above
30%

STEM College Graduates
39%
Education Distribution
Nacogdoches, TX
Source: U.S. Census Bureau

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