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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dinuba are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.18% - 7.42% |
| 7 Year Fixed | 6.72% - 6.96% |
| 10 Year Fixed | 6.78% - 7.02% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Dinuba.
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%.
47.5% of Dinuba households are renters.
34.2% median household income spent on rent.
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 |
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