Escondido is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Escondido are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Escondido are some of the lowest nationally. Escondido 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 Escondido.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Escondido 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 | 6.12% - 6.36% |
| 7 Year Fixed | 6.05% - 6.29% |
| 10 Year Fixed | 6.14% - 6.38% |
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 | 5.44% - 5.54% |
| 7 Year Fixed | 5.49% - 5.59% |
| 10 Year Fixed | 5.47% - 5.57% |
All major multifamily lender types are lending in Escondido.
The city of Escondido in San Diego County has a population of 151,625. The median rent in San Diego County for a 2 bedroom is $2,254. The median Escondido resident is 34 years old with a yearly income of $28,525. The average family has 3.67 members and a median household income of $64,038. Escondido has a 24% higher education rate. The unemployment rate in Escondido is 4.7%.
48.8% of Escondido households are renters.
40.2% median household income spent on rent.
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 |
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