Loading...

Multifamily Loans in
Arvin, CA

Overview

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

Get multifamily loan quotes for Aug 18, 2022


Multifamily Loan Rates in Arvin, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 4.56% - 4.96%
7 Year Fixed 4.38% - 4.78%
10 Year Fixed 4.34% - 4.74%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 4.84% - 5.08%
7 Year Fixed 4.73% - 4.97%
10 Year Fixed 4.94% - 5.18%
Fannie Mae®
$6M to $100M
5 Year Fixed 4.47% - 5.12%
7 Year Fixed 4.28% - 4.86%
10 Year Fixed 4.21% - 4.71%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 4.40% - 4.72%
7 Year Fixed 4.45% - 4.97%
10 Year Fixed 4.34% - 4.81%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 08/17/2022. This is not an offer or commitment to lend. Multifamily loan rates in Arvin 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 Aug 18, 2022


Multifamily Lenders in Arvin, CA

All major multifamily lender types are lending in Arvin.


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 Aug 18, 2022


Arvin Market

The city of Arvin in Kern County has a population of 21,851. The median rent in Kern County for a 2 bedroom is $1,039. The median Arvin resident is 25 years old with a yearly income of $19,094. The average family has 4.46 members and a median household income of $38,464. Arvin has a 2% higher education rate. The unemployment rate in Arvin is 9.5%.


Population
21,851 people

County
Kern County

Renters

51.1% of Arvin households are renters.


Rent Burden

38.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kern County 1
California 2
National 2
Studio $786 $1,137 $737
1 bedroom $796 $1,291 $813
2 bedroom $1,039 $1,635 $1,015
3 bedroom $1,487 $2,254 $1,325
4 bedroom $1,799 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Arvin Demographics


Median Individual Income
$19,094 / year

Median Household Income
$38,464 / year

Families w/ Dual Incomes
51%

Unemployment Rate
9.5%
Household Income Distribution
Arvin, CA

Median Age
25 years

Avg Family Size
4.46 people
Age Distribution
Arvin, CA

College Education or Above
2%

STEM College Graduates
41%
Education Distribution
Arvin, 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