Pearland is located in a good market for 5+ unit multifamily loans. Multifamily loans in Pearland are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Pearland are competitive. Pearland 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 Pearland.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pearland 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 Pearland.
The city of Pearland in Brazoria County has a population of 122,460. The median rent in Brazoria County for a 2 bedroom is $1,249. The median Pearland resident is 35 years old with a yearly income of $51,965. The average family has 3.46 members and a median household income of $104,504. Pearland has a 47% higher education rate. The unemployment rate in Pearland is 3.2%.
24.1% of Pearland households are renters.
25.3% median household income spent on rent.
Bedrooms |
Brazoria County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $824 | $669 | $737 |
| 1 bedroom | $1,096 | $738 | $813 |
| 2 bedroom | $1,249 | $912 | $1,015 |
| 3 bedroom | $1,675 | $1,210 | $1,325 |
| 4 bedroom | $2,163 | $1,407 | $1,521 |
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