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Multifamily Loans in
Camarillo, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Camarillo, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Camarillo 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 Camarillo 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 Camarillo, CA

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


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


Camarillo Market

The city of Camarillo in Ventura County has a population of 69,888. The median rent in Ventura County for a 2 bedroom is $2,102. The median Camarillo resident is 42 years old with a yearly income of $40,729. The average family has 3.26 members and a median household income of $93,512. Camarillo has a 42% higher education rate. The unemployment rate in Camarillo is 4.0%.


Population
69,888 people

County
Ventura County

Renters

34.8% of Camarillo households are renters.


Rent Burden

33.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ventura County 1
California 2
National 2
Studio $1,387 $1,137 $737
1 bedroom $1,660 $1,291 $813
2 bedroom $2,102 $1,635 $1,015
3 bedroom $2,940 $2,254 $1,325
4 bedroom $3,486 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Camarillo Demographics


Median Individual Income
$40,729 / year

Median Household Income
$93,512 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.0%
Household Income Distribution
Camarillo, CA

Median Age
42 years

Avg Family Size
3.26 people
Age Distribution
Camarillo, CA

College Education or Above
42%

STEM College Graduates
49%
Education Distribution
Camarillo, CA
Source: U.S. Census Bureau

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