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Multifamily Loans in
Temple, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Temple, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Temple 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 Temple 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 Temple, TX

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


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


Temple Market

The city of Temple in Bell County has a population of 78,439. The median rent in Bell County for a 2 bedroom is $864. The median Temple resident is 34 years old with a yearly income of $28,273. The average family has 3.32 members and a median household income of $54,873. Temple has a 29% higher education rate. The unemployment rate in Temple is 5.5%.


Population
78,439 people

County
Bell County

Renters

45.4% of Temple households are renters.


Rent Burden

27.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Bell County 1
Texas 2
National 2
Studio $674 $669 $737
1 bedroom $678 $738 $813
2 bedroom $864 $912 $1,015
3 bedroom $1,237 $1,210 $1,325
4 bedroom $1,496 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Temple Demographics


Median Individual Income
$28,273 / year

Median Household Income
$54,873 / year

Families w/ Dual Incomes
47%

Unemployment Rate
5.5%
Household Income Distribution
Temple, TX

Median Age
34 years

Avg Family Size
3.32 people
Age Distribution
Temple, TX

College Education or Above
29%

STEM College Graduates
43%
Education Distribution
Temple, TX
Source: U.S. Census Bureau

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