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Multifamily Loans in
Florin, CA

Overview

Florin is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Florin are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Florin are some of the lowest nationally. Florin 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 Florin.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Florin, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Florin 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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Florin 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 03, 2021


Multifamily Lenders in Florin, CA

All major multifamily lender types are lending in Florin.


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 03, 2021


Florin Market

The city of Florin in Sacramento County has a population of 47,555. The median rent in Sacramento County for a 2 bedroom is $1,606. The median Florin resident is 36 years old with a yearly income of $21,535. The average family has 3.83 members and a median household income of $44,618. Florin has a 13% higher education rate. The unemployment rate in Florin is 11.4%.


Population
47,555 people

County
Sacramento County

Renters

45.1% of Florin households are renters.


Rent Burden

45.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Sacramento County 1
California 2
National 2
Studio $1,138 $1,137 $737
1 bedroom $1,276 $1,291 $813
2 bedroom $1,606 $1,635 $1,015
3 bedroom $2,298 $2,254 $1,325
4 bedroom $2,781 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Florin Demographics


Median Individual Income
$21,535 / year

Median Household Income
$44,618 / year

Families w/ Dual Incomes
44%

Unemployment Rate
11.4%
Household Income Distribution
Florin, CA

Median Age
36 years

Avg Family Size
3.83 people
Age Distribution
Florin, CA

College Education or Above
13%

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

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