Irvine is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Irvine are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Irvine are some of the lowest nationally. Irvine 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 Irvine.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Irvine are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.55% - 6.79% |
| 10 Year Fixed | 6.59% - 6.83% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Irvine.
The city of Irvine in Orange County has a population of 287,401. The median rent in Orange County for a 2 bedroom is $2,507. The median Irvine resident is 34 years old with a yearly income of $52,718. The average family has 3.19 members and a median household income of $105,126. Irvine has a 69% higher education rate. The unemployment rate in Irvine is 4.5%.
53.2% of Irvine households are renters.
33.8% median household income spent on rent.
Bedrooms |
Orange County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,805 | $1,137 | $737 |
| 1 bedroom | $2,031 | $1,291 | $813 |
| 2 bedroom | $2,507 | $1,635 | $1,015 |
| 3 bedroom | $3,470 | $2,254 | $1,325 |
| 4 bedroom | $3,997 | $2,613 | $1,521 |
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