Weatherford is located in a good market for 5+ unit multifamily loans. Multifamily loans in Weatherford are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Weatherford are competitive. Weatherford 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 Weatherford.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Weatherford 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 Weatherford.
The city of Weatherford in Parker County has a population of 33,547. The median rent in Parker County for a 2 bedroom is $1,333. The median Weatherford resident is 37 years old with a yearly income of $29,563. The average family has 3.32 members and a median household income of $63,708. Weatherford has a 23% higher education rate. The unemployment rate in Weatherford is 4.5%.
38% of Weatherford households are renters.
28.2% median household income spent on rent.
Bedrooms |
Parker 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 |
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