Hurst is located in a good market for 5+ unit multifamily loans. Multifamily loans in Hurst are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Hurst are competitive. Hurst 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 Hurst.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hurst 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Hurst.
The city of Hurst in Tarrant County has a population of 38,655. The median rent in Tarrant County for a 2 bedroom is $1,333. The median Hurst resident is 37 years old with a yearly income of $32,217. The average family has 3.31 members and a median household income of $63,722. Hurst has a 31% higher education rate. The unemployment rate in Hurst is 3.9%.
37.2% of Hurst households are renters.
30% median household income spent on rent.
Bedrooms |
Tarrant 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 |
We're here to help.