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Multifamily Loans in
Hesperia, CA

Overview

Hesperia is located in a good market for 5+ unit multifamily loans. Multifamily loans in Hesperia are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Hesperia are competitive. Hesperia 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 Hesperia.

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Hesperia, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hesperia are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.29% - 3.52%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.59% - 3.83%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.51% - 4.01%
7 Year Fixed 3.64% - 4.34%
10 Year Fixed 3.58% - 4.23%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Hesperia 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 Jan 29, 2022


Multifamily Lenders in Hesperia, CA

All major multifamily lender types are lending in Hesperia.


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 Jan 29, 2022


Hesperia Market

The city of Hesperia in San Bernardino County has a population of 95,750. The median rent in San Bernardino County for a 2 bedroom is $1,506. The median Hesperia resident is 31 years old with a yearly income of $23,205. The average family has 3.9 members and a median household income of $53,561. Hesperia has a 11% higher education rate. The unemployment rate in Hesperia is 10.3%.


Population
95,750 people

County
San Bernardino County

Renters

38.6% of Hesperia households are renters.


Rent Burden

38.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Bernardino County 1
California 2
National 2
Studio $1,035 $1,137 $737
1 bedroom $1,199 $1,291 $813
2 bedroom $1,506 $1,635 $1,015
3 bedroom $2,077 $2,254 $1,325
4 bedroom $2,567 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hesperia Demographics


Median Individual Income
$23,205 / year

Median Household Income
$53,561 / year

Families w/ Dual Incomes
43%

Unemployment Rate
10.3%
Household Income Distribution
Hesperia, CA

Median Age
31 years

Avg Family Size
3.9 people
Age Distribution
Hesperia, CA

College Education or Above
11%

STEM College Graduates
44%
Education Distribution
Hesperia, CA
Source: U.S. Census Bureau

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