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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Waxahachie are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.91% - 7.65% |
| 7 Year Fixed | 6.77% - 7.28% |
| 10 Year Fixed | 6.69% - 7.09% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.14% - 6.38% |
| 7 Year Fixed | 6.93% - 6.17% |
| 10 Year Fixed | 5.84% - 6.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.57% - 7.08% |
| 10 Year Fixed | 6.49% - 6.89% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.87% - 6.02% |
| 7 Year Fixed | 5.84% - 5.99% |
| 10 Year Fixed | 5.76% - 5.91% |
All major multifamily lender types are lending in Waxahachie.
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%.
44.6% of Waxahachie households are renters.
28.4% median household income spent on rent.
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 |
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