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Multifamily Loans in
Victoria, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Victoria, TX

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

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


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


Victoria Market

The city of Victoria in Victoria County has a population of 66,916. The median rent in Victoria County for a 2 bedroom is $1,097. The median Victoria resident is 34 years old with a yearly income of $26,203. The average family has 3.42 members and a median household income of $54,192. Victoria has a 21% higher education rate. The unemployment rate in Victoria is 5.8%.


Population
66,916 people

County
Victoria County

Renters

40.5% of Victoria households are renters.


Rent Burden

31% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Victoria County 1
Texas 2
National 2
Studio $768 $669 $737
1 bedroom $889 $738 $813
2 bedroom $1,097 $912 $1,015
3 bedroom $1,416 $1,210 $1,325
4 bedroom $1,565 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Victoria Demographics


Median Individual Income
$26,203 / year

Median Household Income
$54,192 / year

Families w/ Dual Incomes
52%

Unemployment Rate
5.8%
Household Income Distribution
Victoria, TX

Median Age
34 years

Avg Family Size
3.42 people
Age Distribution
Victoria, TX

College Education or Above
21%

STEM College Graduates
45%
Education Distribution
Victoria, TX
Source: U.S. Census Bureau

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