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.
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 | 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 Foothill Farms.
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%.
51.2% of Foothill Farms households are renters.
35.8% median household income spent on rent.
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 |
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