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Multifamily Loans in
Sugar Land, TX

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Sugar Land, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sugar Land 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 3.06% - 3.31%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.28% - 3.68%
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 Sugar Land 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 Sugar Land, TX

All major multifamily lender types are lending in Sugar Land.


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 Nov 29, 2021


Sugar Land Market

The city of Sugar Land in Fort Bend County has a population of 118,488. The median rent in Fort Bend County for a 2 bedroom is $1,306. The median Sugar Land resident is 42 years old with a yearly income of $50,389. The average family has 3.41 members and a median household income of $121,274. Sugar Land has a 60% higher education rate. The unemployment rate in Sugar Land is 4.7%.


Population
118,488 people

County
Fort Bend County

Renters

18.6% of Sugar Land households are renters.


Rent Burden

26.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Fort Bend County 1
Texas 2
National 2
Studio $1,008 $669 $737
1 bedroom $1,092 $738 $813
2 bedroom $1,306 $912 $1,015
3 bedroom $1,751 $1,210 $1,325
4 bedroom $2,232 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sugar Land Demographics


Median Individual Income
$50,389 / year

Median Household Income
$121,274 / year

Families w/ Dual Incomes
59%

Unemployment Rate
4.7%
Household Income Distribution
Sugar Land, TX

Median Age
42 years

Avg Family Size
3.41 people
Age Distribution
Sugar Land, TX

College Education or Above
60%

STEM College Graduates
53%
Education Distribution
Sugar Land, TX
Source: U.S. Census Bureau

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