Delano is located in a good market for 5+ unit multifamily loans. Multifamily loans in Delano are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Delano are competitive. Delano 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 Delano.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Delano are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.13% - 6.37% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Delano.
The city of Delano in Kern County has a population of 53,573. The median rent in Kern County for a 2 bedroom is $1,039. The median Delano resident is 30 years old with a yearly income of $16,896. The average family has 4.12 members and a median household income of $43,641. Delano has a 8% higher education rate. The unemployment rate in Delano is 11.9%.
41.8% of Delano households are renters.
36.1% median household income spent on rent.
Bedrooms |
Kern County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $786 | $1,137 | $737 |
| 1 bedroom | $796 | $1,291 | $813 |
| 2 bedroom | $1,039 | $1,635 | $1,015 |
| 3 bedroom | $1,487 | $2,254 | $1,325 |
| 4 bedroom | $1,799 | $2,613 | $1,521 |
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