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Multifamily Loans in
Escondido, CA

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Escondido, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Escondido 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 Escondido 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 Escondido, CA

All major multifamily lender types are lending in Escondido.


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


Escondido Market

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%.


Population
151,625 people

County
San Diego County

Renters

48.8% of Escondido households are renters.


Rent Burden

40.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Escondido Demographics


Median Individual Income
$28,525 / year

Median Household Income
$64,038 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.7%
Household Income Distribution
Escondido, CA

Median Age
34 years

Avg Family Size
3.67 people
Age Distribution
Escondido, CA

College Education or Above
24%

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

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