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Multifamily Loans in
Ceres, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Ceres, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ceres 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Ceres 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 08, 2021


Multifamily Lenders in Ceres, CA

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


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 08, 2021


Ceres Market

The city of Ceres in Stanislaus County has a population of 48,706. The median rent in Stanislaus County for a 2 bedroom is $1,296. The median Ceres resident is 30 years old with a yearly income of $25,768. The average family has 3.96 members and a median household income of $58,667. Ceres has a 10% higher education rate. The unemployment rate in Ceres is 11.9%.


Population
48,706 people

County
Stanislaus County

Renters

38.8% of Ceres households are renters.


Rent Burden

34.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Stanislaus County 1
California 2
National 2
Studio $942 $1,137 $737
1 bedroom $1,045 $1,291 $813
2 bedroom $1,296 $1,635 $1,015
3 bedroom $1,835 $2,254 $1,325
4 bedroom $2,153 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ceres Demographics


Median Individual Income
$25,768 / year

Median Household Income
$58,667 / year

Families w/ Dual Incomes
50%

Unemployment Rate
11.9%
Household Income Distribution
Ceres, CA

Median Age
30 years

Avg Family Size
3.96 people
Age Distribution
Ceres, CA

College Education or Above
10%

STEM College Graduates
42%
Education Distribution
Ceres, CA
Source: U.S. Census Bureau

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