Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Austin, Texas
Austin Apartment Loans in 2026
Select Commercial specializes in Austin apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 5.68% and up to 80% LTV. For properties elsewhere in the state, see our Texas apartment loans; for loans over $6 million, see Austin multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Austin
Austin apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Texas apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Austin Apartment Loan Rates
Rates updated as of August 20, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.08% | Up to 80% |
| 7 Year Fixed | 6.19% | Up to 80% |
| 10 Year Fixed | 6.28% | Up to 80% |
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 5.68% | Up to 75% |
| 7 Year Fixed | 5.79% | Up to 75% |
| 10 Year Fixed | 5.88% | Up to 75% |
- Streamlined underwriting for institutional multifamily
- Cash-out refinances are acceptable
- Interest-only and non-recourse options
- Minimum 1.25x debt-service-coverage ratio
Rates last updated August 20, 2026. Rates and maximum LTV shown represent our best-case pricing scenarios. Actual rates, LTV, and loan terms are subject to underwriting approval and may vary.
Compare Austin Apartment Loan Programs
As a broker, we compare every program to find your best-fit Austin apartment financing. Typical starting points for properties under $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.08% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac SBL | 6.15% | Up to 80% | $2M to $10M small balance |
| FHA / HUD | 6.12% | Up to 85% | Highest leverage, longest term |
| Bank / portfolio | 6.25% | Up to 75% | Flexible, value-add |
| Bridge | 9.00% | Up to 80% LTC | Reposition, lease-up |
Most apartment lenders look for a debt-service-coverage ratio (DSCR) of at least 1.25x. For properties over $6 million, see our Austin multifamily loans.
2026 Austin Apartment Loan Market: Supply Headwinds Ease as Vacancy Trends Lower
Austin is shifting into a more balanced apartment cycle in 2026 as the post-pandemic construction wave continues to cool. For Austin investors exploring apartment building loans, the conversation often comes back to the same fundamentals that support an Austin apartment loan, including hiring trends, how much new inventory is still delivering, where vacancy is headed, and whether rent pressure is easing.
Employment
Hiring is expected to slow in 2026, with about 8,000 jobs added metrowide. That places Austin's growth rate closer to the mid-tier compared to other major U.S. metros.
Construction and supply
The metro's delivery slate is expected to be the smallest in more than a decade, signaling that supply pressure is finally easing. Even with fewer completions, overall inventory growth is still expected to rank among the top 10 nationally, which is why the supply pipeline remains a key underwriting factor.
Vacancy
Despite slower renter demand, net absorption is projected to outpace completions. As a result, the metrowide vacancy rate is forecast to drop to about 6.1%, marking the lowest level since 2022.
Rent trend
The pace of rent decline is expected to moderate as apartment additions slow. Average effective rent is projected around $1,415 per month, a level that sits on par with Houston and below Dallas-Fort Worth.
2026 Austin forecast at a glance:
- Employment: hiring slows, with about 8,000 jobs added metrowide
- Construction: deliveries the smallest in more than a decade, inventory growth still top 10 nationally
- Vacancy: net absorption outpaces completions, pushing vacancy down to about 6.1%
- Rent: rent declines ease, with average effective rent near $1,415 per month
Austin Multifamily Loans (Over $6 Million)
For larger Austin apartment properties, we arrange multifamily loans over $6 million through Fannie Mae DUS, Freddie Mac, FHA/HUD and CMBS. These institutional programs offer non-recourse financing, up to 80% LTV and fixed terms up to 30 years, with even longer fully amortizing options through HUD.
See our Austin multifamily loans page for over-$6 million financing, or explore Fannie Mae and Freddie Mac agency programs.
Recent Apartment Loan Closings
A sample of apartment and multifamily loans we have arranged for investors nationwide.
Austin Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Austin apartment building, we arrange financing for:
- Large urban high-rise apartment buildings
- Suburban garden apartment complexes
- Small apartment buildings with 5+ units
- Underlying cooperative apartment loans
- Portfolios of small apartment and single-family rental properties
- Other multifamily and mixed-use properties
We consider apartment loan requests of all sizes, beginning at $1,500,000.
Other Property & Loan Types We Finance in Austin
As a full-service commercial mortgage broker, we arrange Austin financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Austin Neighborhoods We Serve
Select Commercial provides apartment loans throughout Austin, Texas and the surrounding area, including:
- Hyde Park
- Hancock
- Holly
- Barton Hills
- Crestview
- Downtown
- St. Edwards
- Windsor Road
- Rosedale
- Old West Austin / Clarksville
- East Oak Hill
- East Cesar Chavez
- West Austin / Tarrytown
- Bouldin Creek
- North Loop
- Allandale
- Upper Boggy Creek / Cherrywood
- Old Enfield
- Brentwood
For other cities in the state, see Texas apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
Houston · Dallas · San Antonio · El Paso · Lubbock · Plano · Arlington · Fort Worth · All Texas · Other U.S. cities
What Our Clients Say
“I am a veterinarian who purchased an existing practice. I was surprised to find a company that offered 100% financing at a good rate, with great terms and rates for medical office financing.”
Carol K. · Chicago, IL“I spoke to several commercial lenders before finding Select Commercial. They got me a lower rate and their service was exceptional. If you need a multifamily loan, you need to talk to Stephen.”
Nathan B. · Philadelphia, PA“Select Commercial was very helpful with my multifamily mortgage. Stephen went over several options and we came up with the best lender to meet my needs. I got the funds and also lowered my payments.”
Gary M. · Portland, OR“Select Commercial offered 100% financing for my medical practice when my bank would have required 20% down. They delivered something my bank could not, and handled everything professionally.”
John C. · Boston, MAGet Your Austin Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Austin apartment loans from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up