Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Texas
Texas Apartment Loans
Select Commercial arranges Texas apartment loans from $1,500,000, up to 80% LTV, with rates as low as 5.68%. We compare Fannie Mae, Freddie Mac, FHA, bank and bridge programs to fit your property. For loans over $6 million, see multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Texas
Texas apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Texas commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Texas Apartment Loan Rates
Rates updated as of August 21, 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 21, 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 Texas Apartment Loan Programs
As a broker we compare every program for your best-fit Texas apartment financing:
| 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.
2026 Texas Apartment Loan Market
Texas continues to absorb heavy new construction in 2026, with regional vacancy near 6.2% even as absorption stays among the strongest nationally. Deliveries are moderating from recent peaks, supporting a gradual return to balance.
Major Texas markets we finance:
- Arlington apartment loans
- Austin apartment loans
- Dallas apartment loans
- El Paso apartment loans
- Fort Worth apartment loans
- Houston apartment loans
- Lubbock apartment loans
- Plano apartment loans
- San Antonio apartment loans
Across Texas, we arrange apartment building loans from $1,500,000 through agency, bank, FHA and bridge programs. Your rate and leverage are driven by the property’s cash flow and the deal metrics shown above.
Texas Apartment Loan Types We Serve
We arrange financing across Texas for:
- Urban high-rise apartment buildings
- Suburban garden apartment complexes
- Small apartment buildings with 5+ units
- Underlying cooperative apartment loans
- Portfolios of small apartment and rental properties
- Mixed-use and other multifamily property
Apartment Loans Across Texas
We provide apartment loans throughout Texas, including these markets:
- Arlington apartment loans
- Austin apartment loans
- Dallas apartment loans
- El Paso apartment loans
- Fort Worth apartment loans
- Houston apartment loans
- Lubbock apartment loans
- Plano apartment loans
- San Antonio apartment loans
For properties over $6 million, see our multifamily loans; nationwide, we lend in most major U.S. cities.
Recent Apartment Loan Closings
A sample of apartment and multifamily loans we have arranged for investors nationwide.
Other Property & Loan Types We Finance in Texas
As a full-service commercial mortgage broker, we arrange Texas financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
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 Texas Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Texas 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
Texas City Spotlights: 2026 Apartment Market Notes
Beyond the major metros, we finance apartment buildings across Texas. Current market notes for cities where borrowers ask us to lend:
- Lubbock: stable and affordable heading into 2026, with limited new construction keeping conditions balanced; a new dairy processing plant adds about 600 jobs as it comes online in 2026, and statewide Texas job growth is forecast near 1.8%. See our dedicated Lubbock apartment loans page.
- Corpus Christi: median 1-bedroom rent about $974, down 8% year over year (Zumper, August 2026), a softer market where refinancing at better terms matters.
- Garland: median 1-bedroom rent about $1,195, up 5% year over year (Zumper, August 2026), a large Dallas-area suburb with steady demand.
National baseline for context: the U.S. median rent was $1,388 in July 2026, down 1.1% year over year, with rental vacancy near 7.2% (national rent report, July 2026). Each city above links to our local commercial mortgage page, and we finance 5+ unit apartment properties in every Texas market from $1,500,000.