Timberwood Park is located in a good market for 5+ unit multifamily loans. Multifamily loans in Timberwood Park are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Timberwood Park are competitive. Timberwood Park 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 Timberwood Park.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Timberwood Park are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Timberwood Park.
The city of Timberwood Park in Bexar County has a population of 24,978. The median rent in Bexar County for a 2 bedroom is $1,198. The median Timberwood Park resident is 36 years old with a yearly income of $47,641. The average family has 3.63 members and a median household income of $108,358. Timberwood Park has a 51% higher education rate. The unemployment rate in Timberwood Park is 4.3%.
16.2% of Timberwood Park households are renters.
26.1% median household income spent on rent.
Bedrooms |
Bexar 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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