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Multifamily Loans in
Dinuba, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Dinuba, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dinuba 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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Dinuba 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 Dinuba, CA

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


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 06, 2021


Dinuba Market

The city of Dinuba in Tulare County has a population of 24,461. The median rent in Tulare County for a 2 bedroom is $1,014. The median Dinuba resident is 28 years old with a yearly income of $22,432. The average family has 4.07 members and a median household income of $44,289. Dinuba has a 9% higher education rate. The unemployment rate in Dinuba is 11.6%.


Population
24,461 people

County
Tulare County

Renters

47.5% of Dinuba households are renters.


Rent Burden

34.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Tulare County 1
California 2
National 2
Studio $764 $1,137 $737
1 bedroom $769 $1,291 $813
2 bedroom $1,014 $1,635 $1,015
3 bedroom $1,413 $2,254 $1,325
4 bedroom $1,651 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Dinuba Demographics


Median Individual Income
$22,432 / year

Median Household Income
$44,289 / year

Families w/ Dual Incomes
50%

Unemployment Rate
11.6%
Household Income Distribution
Dinuba, CA

Median Age
28 years

Avg Family Size
4.07 people
Age Distribution
Dinuba, CA

College Education or Above
9%

STEM College Graduates
52%
Education Distribution
Dinuba, CA
Source: U.S. Census Bureau

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