San Angelo is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in San Angelo are considered greater risk due to market dynamics. Interest rates for multifamily loans in San Angelo are higher than the national average. San Angelo apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in San Angelo.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in San Angelo 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 | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.28% - 5.52% |
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 | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in San Angelo.
The city of San Angelo in Tom Green County has a population of 101,004. The median rent in Tom Green County for a 2 bedroom is $1,040. The median San Angelo resident is 33 years old with a yearly income of $26,929. The average family has 3.22 members and a median household income of $51,928. San Angelo has a 25% higher education rate. The unemployment rate in San Angelo is 3.9%.
40.2% of San Angelo households are renters.
29.6% median household income spent on rent.
Bedrooms |
Tom Green County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $686 | $669 | $737 |
| 1 bedroom | $809 | $738 | $813 |
| 2 bedroom | $1,040 | $912 | $1,015 |
| 3 bedroom | $1,376 | $1,210 | $1,325 |
| 4 bedroom | $1,668 | $1,407 | $1,521 |
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