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Multifamily Loans in
Lancaster, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Lancaster, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lancaster 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Lancaster 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 08, 2021


Multifamily Lenders in Lancaster, CA

All major multifamily lender types are lending in Lancaster.


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 08, 2021


Lancaster Market

The city of Lancaster in Los Angeles County has a population of 157,601. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Lancaster resident is 33 years old with a yearly income of $32,917. The average family has 3.69 members and a median household income of $55,237. Lancaster has a 18% higher education rate. The unemployment rate in Lancaster is 6.5%.


Population
157,601 people

County
Los Angeles County

Renters

47% of Lancaster households are renters.


Rent Burden

40.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Los Angeles County 1
California 2
National 2
Studio $1,488 $1,137 $737
1 bedroom $1,746 $1,291 $813
2 bedroom $2,238 $1,635 $1,015
3 bedroom $2,974 $2,254 $1,325
4 bedroom $3,243 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Lancaster Demographics


Median Individual Income
$32,917 / year

Median Household Income
$55,237 / year

Families w/ Dual Incomes
42%

Unemployment Rate
6.5%
Household Income Distribution
Lancaster, CA

Median Age
33 years

Avg Family Size
3.69 people
Age Distribution
Lancaster, CA

College Education or Above
18%

STEM College Graduates
48%
Education Distribution
Lancaster, CA
Source: U.S. Census Bureau

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