Loading...

Multifamily Loans in
Paris, TX

Overview

Paris is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Paris are considered greater risk due to market dynamics. Interest rates for multifamily loans in Paris are higher than the national average. Paris 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 Paris.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Paris, TX

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

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


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


Paris Market

The city of Paris in Lamar County has a population of 24,847. The median rent in Lamar County for a 2 bedroom is $815. The median Paris resident is 38 years old with a yearly income of $20,553. The average family has 3.03 members and a median household income of $32,544. Paris has a 15% higher education rate. The unemployment rate in Paris is 4.2%.


Population
24,847 people

County
Lamar County

Renters

51.5% of Paris households are renters.


Rent Burden

33.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lamar County 1
Texas 2
National 2
Studio $580 $669 $737
1 bedroom $624 $738 $813
2 bedroom $815 $912 $1,015
3 bedroom $1,083 $1,210 $1,325
4 bedroom $1,365 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Paris Demographics


Median Individual Income
$20,553 / year

Median Household Income
$32,544 / year

Families w/ Dual Incomes
41%

Unemployment Rate
4.2%
Household Income Distribution
Paris, TX

Median Age
38 years

Avg Family Size
3.03 people
Age Distribution
Paris, TX

College Education or Above
15%

STEM College Graduates
35%
Education Distribution
Paris, TX
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day