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Multifamily Loans in
Chula Vista, CA

Overview

Chula Vista is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Chula Vista are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Chula Vista are some of the lowest nationally. Chula Vista 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 Chula Vista.

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Chula Vista, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Chula Vista are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Chula Vista 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 Jan 29, 2022


Multifamily Lenders in Chula Vista, CA

All major multifamily lender types are lending in Chula Vista.


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 Jan 29, 2022


Chula Vista Market

The city of Chula Vista in San Diego County has a population of 274,492. The median rent in San Diego County for a 2 bedroom is $2,254. The median Chula Vista resident is 36 years old with a yearly income of $33,483. The average family has 3.75 members and a median household income of $81,272. Chula Vista has a 29% higher education rate. The unemployment rate in Chula Vista is 9.0%.


Population
274,492 people

County
San Diego County

Renters

40.9% of Chula Vista households are renters.


Rent Burden

36.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Diego County 1
California 2
National 2
Studio $1,569 $1,137 $737
1 bedroom $1,743 $1,291 $813
2 bedroom $2,254 $1,635 $1,015
3 bedroom $3,170 $2,254 $1,325
4 bedroom $3,903 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Chula Vista Demographics


Median Individual Income
$33,483 / year

Median Household Income
$81,272 / year

Families w/ Dual Incomes
56%

Unemployment Rate
9.0%
Household Income Distribution
Chula Vista, CA

Median Age
36 years

Avg Family Size
3.75 people
Age Distribution
Chula Vista, CA

College Education or Above
29%

STEM College Graduates
47%
Education Distribution
Chula Vista, CA
Source: U.S. Census Bureau

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