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Multifamily Loans in
Atwater, CA

Overview

Atwater is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Atwater are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Atwater are slightly higher than the national average. Atwater apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Atwater.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Atwater, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Atwater 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/05/2021. This is not an offer or commitment to lend. Multifamily loan rates in Atwater 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 06, 2021


Multifamily Lenders in Atwater, CA

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


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 06, 2021


Atwater Market

The city of Atwater in Merced County has a population of 29,559. The median rent in Merced County for a 2 bedroom is $1,148. The median Atwater resident is 32 years old with a yearly income of $25,470. The average family has 3.57 members and a median household income of $55,674. Atwater has a 14% higher education rate. The unemployment rate in Atwater is 11.2%.


Population
29,559 people

County
Merced County

Renters

47.4% of Atwater households are renters.


Rent Burden

32.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Merced County 1
California 2
National 2
Studio $779 $1,137 $737
1 bedroom $949 $1,291 $813
2 bedroom $1,148 $1,635 $1,015
3 bedroom $1,643 $2,254 $1,325
4 bedroom $1,988 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Atwater Demographics


Median Individual Income
$25,470 / year

Median Household Income
$55,674 / year

Families w/ Dual Incomes
47%

Unemployment Rate
11.2%
Household Income Distribution
Atwater, CA

Median Age
32 years

Avg Family Size
3.57 people
Age Distribution
Atwater, CA

College Education or Above
14%

STEM College Graduates
37%
Education Distribution
Atwater, CA
Source: U.S. Census Bureau

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