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Multifamily Loans in
Foothill Farms, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Foothill Farms, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Foothill Farms 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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Foothill Farms 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 Foothill Farms, CA

All major multifamily lender types are lending in Foothill Farms.


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 06, 2021


Foothill Farms Market

The city of Foothill Farms in Sacramento County has a population of 35,881. The median rent in Sacramento County for a 2 bedroom is $1,606. The median Foothill Farms resident is 33 years old with a yearly income of $27,678. The average family has 3.44 members and a median household income of $54,426. Foothill Farms has a 15% higher education rate. The unemployment rate in Foothill Farms is 8.0%.


Population
35,881 people

County
Sacramento County

Renters

51.2% of Foothill Farms households are renters.


Rent Burden

35.8% 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

Foothill Farms Demographics


Median Individual Income
$27,678 / year

Median Household Income
$54,426 / year

Families w/ Dual Incomes
43%

Unemployment Rate
8.0%
Household Income Distribution
Foothill Farms, CA

Median Age
33 years

Avg Family Size
3.44 people
Age Distribution
Foothill Farms, CA

College Education or Above
15%

STEM College Graduates
34%
Education Distribution
Foothill Farms, CA
Source: U.S. Census Bureau

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