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Multifamily Loans in
Waxahachie, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Waxahachie, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Waxahachie 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Waxahachie 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 Waxahachie, TX

All major multifamily lender types are lending in Waxahachie.


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 Dec 03, 2021


Waxahachie Market

The city of Waxahachie in Ellis County has a population of 37,988. The median rent in Ellis County for a 2 bedroom is $1,473. The median Waxahachie resident is 33 years old with a yearly income of $31,210. The average family has 3.27 members and a median household income of $65,589. Waxahachie has a 23% higher education rate. The unemployment rate in Waxahachie is 3.4%.


Population
37,988 people

County
Ellis County

Renters

44.6% of Waxahachie households are renters.


Rent Burden

28.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ellis County 1
Texas 2
National 2
Studio $1,121 $669 $737
1 bedroom $1,235 $738 $813
2 bedroom $1,473 $912 $1,015
3 bedroom $1,902 $1,210 $1,325
4 bedroom $2,516 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Waxahachie Demographics


Median Individual Income
$31,210 / year

Median Household Income
$65,589 / year

Families w/ Dual Incomes
56%

Unemployment Rate
3.4%
Household Income Distribution
Waxahachie, TX

Median Age
33 years

Avg Family Size
3.27 people
Age Distribution
Waxahachie, TX

College Education or Above
23%

STEM College Graduates
36%
Education Distribution
Waxahachie, TX
Source: U.S. Census Bureau

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