Carmichael is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Carmichael are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Carmichael are some of the lowest nationally. Carmichael 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 Carmichael.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Carmichael are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.55% - 6.79% |
| 10 Year Fixed | 6.59% - 6.83% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Carmichael.
The city of Carmichael in Sacramento County has a population of 64,454. The median rent in Sacramento County for a 2 bedroom is $1,606. The median Carmichael resident is 40 years old with a yearly income of $34,288. The average family has 3.05 members and a median household income of $64,710. Carmichael has a 34% higher education rate. The unemployment rate in Carmichael is 5.8%.
46% of Carmichael households are renters.
32.4% median household income spent on rent.
Bedrooms |
Sacramento County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,138 | $1,137 | $737 |
| 1 bedroom | $1,276 | $1,291 | $813 |
| 2 bedroom | $1,606 | $1,635 | $1,015 |
| 3 bedroom | $2,298 | $2,254 | $1,325 |
| 4 bedroom | $2,781 | $2,613 | $1,521 |
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