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Multifamily Loans in
Wylie, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Wylie, TX

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

All major multifamily lender types are lending in Wylie.


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


Wylie Market

The city of Wylie in Collin County has a population of 53,067. The median rent in Collin County for a 2 bedroom is $1,473. The median Wylie resident is 34 years old with a yearly income of $41,474. The average family has 3.62 members and a median household income of $92,395. Wylie has a 36% higher education rate. The unemployment rate in Wylie is 4.5%.


Population
53,067 people

County
Collin County

Renters

21.6% of Wylie households are renters.


Rent Burden

30.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Collin 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

Wylie Demographics


Median Individual Income
$41,474 / year

Median Household Income
$92,395 / year

Families w/ Dual Incomes
69%

Unemployment Rate
4.5%
Household Income Distribution
Wylie, TX

Median Age
34 years

Avg Family Size
3.62 people
Age Distribution
Wylie, TX

College Education or Above
36%

STEM College Graduates
47%
Education Distribution
Wylie, TX
Source: U.S. Census Bureau

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