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Multifamily Loans in
Port Arthur, TX

Overview

Port Arthur is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Port Arthur are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Port Arthur are slightly higher than the national average. Port Arthur apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Port Arthur.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Port Arthur, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Port Arthur 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 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.56% - 3.80%
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 3.11% - 3.36%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Port Arthur 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 Nov 29, 2021


Multifamily Lenders in Port Arthur, TX

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


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 Nov 29, 2021


Port Arthur Market

The city of Port Arthur in Jefferson County has a population of 54,280. The median rent in Jefferson County for a 2 bedroom is $935. The median Port Arthur resident is 35 years old with a yearly income of $23,449. The average family has 3.5 members and a median household income of $36,557. Port Arthur has a 12% higher education rate. The unemployment rate in Port Arthur is 7.3%.


Population
54,280 people

County
Jefferson County

Renters

42.3% of Port Arthur households are renters.


Rent Burden

37.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jefferson County 1
Texas 2
National 2
Studio $702 $669 $737
1 bedroom $752 $738 $813
2 bedroom $935 $912 $1,015
3 bedroom $1,217 $1,210 $1,325
4 bedroom $1,280 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Port Arthur Demographics


Median Individual Income
$23,449 / year

Median Household Income
$36,557 / year

Families w/ Dual Incomes
37%

Unemployment Rate
7.3%
Household Income Distribution
Port Arthur, TX

Median Age
35 years

Avg Family Size
3.5 people
Age Distribution
Port Arthur, TX

College Education or Above
12%

STEM College Graduates
40%
Education Distribution
Port Arthur, TX
Source: U.S. Census Bureau

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