Schertz is located in a good market for 5+ unit multifamily loans. Multifamily loans in Schertz are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Schertz are competitive. Schertz 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 Schertz.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Schertz are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.23% - 6.47% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Schertz.
The city of Schertz in Guadalupe County has a population of 42,042. The median rent in Guadalupe County for a 2 bedroom is $1,198. The median Schertz resident is 38 years old with a yearly income of $42,270. The average family has 3.3 members and a median household income of $87,059. Schertz has a 37% higher education rate. The unemployment rate in Schertz is 4.0%.
25.5% of Schertz households are renters.
24.6% median household income spent on rent.
Bedrooms |
Guadalupe County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $818 | $669 | $737 |
| 1 bedroom | $981 | $738 | $813 |
| 2 bedroom | $1,198 | $912 | $1,015 |
| 3 bedroom | $1,556 | $1,210 | $1,325 |
| 4 bedroom | $1,928 | $1,407 | $1,521 |
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