Loading...

Multifamily Loans in
Stephenville, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Stephenville, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Stephenville 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
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 Stephenville 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 Stephenville, TX

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


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


Stephenville Market

The city of Stephenville in Erath County has a population of 21,247. The median rent in Erath County for a 2 bedroom is $875. The median Stephenville resident is 25 years old with a yearly income of $18,899. The average family has 3.63 members and a median household income of $47,161. Stephenville has a 33% higher education rate. The unemployment rate in Stephenville is 5.1%.


Population
21,247 people

County
Erath County

Renters

56.4% of Stephenville households are renters.


Rent Burden

33.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Erath County 1
Texas 2
National 2
Studio $707 $669 $737
1 bedroom $711 $738 $813
2 bedroom $875 $912 $1,015
3 bedroom $1,182 $1,210 $1,325
4 bedroom $1,187 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Stephenville Demographics


Median Individual Income
$18,899 / year

Median Household Income
$47,161 / year

Families w/ Dual Incomes
64%

Unemployment Rate
5.1%
Household Income Distribution
Stephenville, TX

Median Age
25 years

Avg Family Size
3.63 people
Age Distribution
Stephenville, TX

College Education or Above
33%

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

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day