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Multifamily Loans in
Citrus Heights, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Citrus Heights, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Citrus Heights 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
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 Citrus Heights 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 Citrus Heights, CA

All major multifamily lender types are lending in Citrus Heights.


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 08, 2021


Citrus Heights Market

The city of Citrus Heights in Sacramento County has a population of 87,796. The median rent in Sacramento County for a 2 bedroom is $1,606. The median Citrus Heights resident is 38 years old with a yearly income of $31,652. The average family has 3.15 members and a median household income of $62,276. Citrus Heights has a 20% higher education rate. The unemployment rate in Citrus Heights is 6.2%.


Population
87,796 people

County
Sacramento County

Renters

43.2% of Citrus Heights households are renters.


Rent Burden

31.8% 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

Citrus Heights Demographics


Median Individual Income
$31,652 / year

Median Household Income
$62,276 / year

Families w/ Dual Incomes
52%

Unemployment Rate
6.2%
Household Income Distribution
Citrus Heights, CA

Median Age
38 years

Avg Family Size
3.15 people
Age Distribution
Citrus Heights, CA

College Education or Above
20%

STEM College Graduates
46%
Education Distribution
Citrus Heights, CA
Source: U.S. Census Bureau

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