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Multifamily Loans in
Apple Valley, CA

Overview

Apple Valley is located in a good market for 5+ unit multifamily loans. Multifamily loans in Apple Valley are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Apple Valley are competitive. Apple Valley 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 Apple Valley.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Apple Valley, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Apple Valley 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 $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Apple Valley 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 03, 2021


Multifamily Lenders in Apple Valley, CA

All major multifamily lender types are lending in Apple Valley.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 03, 2021


Apple Valley Market

The city of Apple Valley in San Bernardino County has a population of 73,453. The median rent in San Bernardino County for a 2 bedroom is $1,506. The median Apple Valley resident is 37 years old with a yearly income of $26,444. The average family has 3.49 members and a median household income of $54,527. Apple Valley has a 18% higher education rate. The unemployment rate in Apple Valley is 10.5%.


Population
73,453 people

County
San Bernardino County

Renters

34.5% of Apple Valley households are renters.


Rent Burden

33.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Bernardino County 1
California 2
National 2
Studio $1,035 $1,137 $737
1 bedroom $1,199 $1,291 $813
2 bedroom $1,506 $1,635 $1,015
3 bedroom $2,077 $2,254 $1,325
4 bedroom $2,567 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Apple Valley Demographics


Median Individual Income
$26,444 / year

Median Household Income
$54,527 / year

Families w/ Dual Incomes
37%

Unemployment Rate
10.5%
Household Income Distribution
Apple Valley, CA

Median Age
37 years

Avg Family Size
3.49 people
Age Distribution
Apple Valley, CA

College Education or Above
18%

STEM College Graduates
44%
Education Distribution
Apple Valley, CA
Source: U.S. Census Bureau

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