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Multifamily Loans in
Rockwall, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Rockwall, TX

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

All major multifamily lender types are lending in Rockwall.


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


Rockwall Market

The city of Rockwall in Rockwall County has a population of 45,888. The median rent in Rockwall County for a 2 bedroom is $1,473. The median Rockwall resident is 38 years old with a yearly income of $45,848. The average family has 3.26 members and a median household income of $95,653. Rockwall has a 43% higher education rate. The unemployment rate in Rockwall is 3.8%.


Population
45,888 people

County
Rockwall County

Renters

23.8% of Rockwall households are renters.


Rent Burden

28.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Rockwall 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

Rockwall Demographics


Median Individual Income
$45,848 / year

Median Household Income
$95,653 / year

Families w/ Dual Incomes
62%

Unemployment Rate
3.8%
Household Income Distribution
Rockwall, TX

Median Age
38 years

Avg Family Size
3.26 people
Age Distribution
Rockwall, TX

College Education or Above
43%

STEM College Graduates
38%
Education Distribution
Rockwall, TX
Source: U.S. Census Bureau

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