Loading...

Multifamily Loans in
Carmichael, CA

Overview

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.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Carmichael, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Carmichael 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 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Carmichael 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 Carmichael, CA

All major multifamily lender types are lending in Carmichael.


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 06, 2021


Carmichael Market

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%.


Population
64,454 people

County
Sacramento County

Renters

46% of Carmichael households are renters.


Rent Burden

32.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Carmichael Demographics


Median Individual Income
$34,288 / year

Median Household Income
$64,710 / year

Families w/ Dual Incomes
48%

Unemployment Rate
5.8%
Household Income Distribution
Carmichael, CA

Median Age
40 years

Avg Family Size
3.05 people
Age Distribution
Carmichael, CA

College Education or Above
34%

STEM College Graduates
48%
Education Distribution
Carmichael, 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