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Multifamily Loans in
Weatherford, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Weatherford, TX

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

All major multifamily lender types are lending in Weatherford.


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


Weatherford Market

The city of Weatherford in Parker County has a population of 33,547. The median rent in Parker County for a 2 bedroom is $1,333. The median Weatherford resident is 37 years old with a yearly income of $29,563. The average family has 3.32 members and a median household income of $63,708. Weatherford has a 23% higher education rate. The unemployment rate in Weatherford is 4.5%.


Population
33,547 people

County
Parker County

Renters

38% of Weatherford households are renters.


Rent Burden

28.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Parker County 1
Texas 2
National 2
Studio $967 $669 $737
1 bedroom $1,096 $738 $813
2 bedroom $1,333 $912 $1,015
3 bedroom $1,783 $1,210 $1,325
4 bedroom $2,229 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Weatherford Demographics


Median Individual Income
$29,563 / year

Median Household Income
$63,708 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.5%
Household Income Distribution
Weatherford, TX

Median Age
37 years

Avg Family Size
3.32 people
Age Distribution
Weatherford, TX

College Education or Above
23%

STEM College Graduates
40%
Education Distribution
Weatherford, TX
Source: U.S. Census Bureau

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