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Multifamily Loans in
San Juan, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in San Juan, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in San Juan 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
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 San Juan 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 San Juan, TX

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


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


San Juan Market

The city of San Juan in Hidalgo County has a population of 37,008. The median rent in Hidalgo County for a 2 bedroom is $785. The median San Juan resident is 30 years old with a yearly income of $19,655. The average family has 4.2 members and a median household income of $40,773. San Juan has a 13% higher education rate. The unemployment rate in San Juan is 6.1%.


Population
37,008 people

County
Hidalgo County

Renters

21.9% of San Juan households are renters.


Rent Burden

36% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hidalgo County 1
Texas 2
National 2
Studio $606 $669 $737
1 bedroom $610 $738 $813
2 bedroom $785 $912 $1,015
3 bedroom $1,012 $1,210 $1,325
4 bedroom $1,137 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

San Juan Demographics


Median Individual Income
$19,655 / year

Median Household Income
$40,773 / year

Families w/ Dual Incomes
46%

Unemployment Rate
6.1%
Household Income Distribution
San Juan, TX

Median Age
30 years

Avg Family Size
4.2 people
Age Distribution
San Juan, TX

College Education or Above
13%

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

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