Loading...

Multifamily Loans in
American Canyon, CA

Overview

American Canyon is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in American Canyon are considered greater risk due to market dynamics. Interest rates for multifamily loans in American Canyon are higher than the national average. American Canyon 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 American Canyon.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in American Canyon, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in American Canyon are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in American Canyon may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Lenders in American Canyon, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in American Canyon.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


American Canyon Market

The city of American Canyon in Napa County has a population of 20,475. The median rent in Napa County for a 2 bedroom is $2,203. The median American Canyon resident is 38 years old with a yearly income of $35,594. The average family has 4.12 members and a median household income of $101,792. American Canyon has a 30% higher education rate. The unemployment rate in American Canyon is 5.2%.


Population
20,475 people

County
Napa County

Renters

22.5% of American Canyon households are renters.


Rent Burden

34.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Napa County 1
California 2
National 2
Studio $1,454 $1,137 $737
1 bedroom $1,672 $1,291 $813
2 bedroom $2,203 $1,635 $1,015
3 bedroom $3,085 $2,254 $1,325
4 bedroom $3,096 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

American Canyon Demographics


Median Individual Income
$35,594 / year

Median Household Income
$101,792 / year

Families w/ Dual Incomes
66%

Unemployment Rate
5.2%
Household Income Distribution
American Canyon, CA

Median Age
38 years

Avg Family Size
4.12 people
Age Distribution
American Canyon, CA

College Education or Above
30%

STEM College Graduates
56%
Education Distribution
American Canyon, CA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day