Harker Heights is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Harker Heights are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Harker Heights are slightly higher than the national average. Harker Heights apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Harker Heights.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Harker Heights are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.58% - 5.82% |
| 7 Year Fixed | 5.29% - 5.53% |
| 10 Year Fixed | 5.18% - 5.42% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Harker Heights.
The city of Harker Heights in Bell County has a population of 32,421. The median rent in Bell County for a 2 bedroom is $864. The median Harker Heights resident is 35 years old with a yearly income of $35,165. The average family has 3.42 members and a median household income of $74,839. Harker Heights has a 35% higher education rate. The unemployment rate in Harker Heights is 7.6%.
39% of Harker Heights households are renters.
22.6% median household income spent on rent.
Bedrooms |
Bell County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $674 | $669 | $737 |
| 1 bedroom | $678 | $738 | $813 |
| 2 bedroom | $864 | $912 | $1,015 |
| 3 bedroom | $1,237 | $1,210 | $1,325 |
| 4 bedroom | $1,496 | $1,407 | $1,521 |
We're here to help.