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Multifamily Loans in
San Angelo, TX

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in San Angelo, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in San Angelo 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 3.16% - 3.41%
7 Year Fixed 3.40% - 3.85%
10 Year Fixed 3.38% - 3.78%
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 San Angelo 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 San Angelo, TX

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


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


San Angelo Market

The city of San Angelo in Tom Green County has a population of 101,004. The median rent in Tom Green County for a 2 bedroom is $1,040. The median San Angelo resident is 33 years old with a yearly income of $26,929. The average family has 3.22 members and a median household income of $51,928. San Angelo has a 25% higher education rate. The unemployment rate in San Angelo is 3.9%.


Population
101,004 people

County
Tom Green County

Renters

40.2% of San Angelo households are renters.


Rent Burden

29.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Tom Green County 1
Texas 2
National 2
Studio $686 $669 $737
1 bedroom $809 $738 $813
2 bedroom $1,040 $912 $1,015
3 bedroom $1,376 $1,210 $1,325
4 bedroom $1,668 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

San Angelo Demographics


Median Individual Income
$26,929 / year

Median Household Income
$51,928 / year

Families w/ Dual Incomes
50%

Unemployment Rate
3.9%
Household Income Distribution
San Angelo, TX

Median Age
33 years

Avg Family Size
3.22 people
Age Distribution
San Angelo, TX

College Education or Above
25%

STEM College Graduates
37%
Education Distribution
San Angelo, TX
Source: U.S. Census Bureau

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