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Multifamily Loans in
Linda, CA

Overview

Linda is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Linda are considered greater risk due to market dynamics. Interest rates for multifamily loans in Linda are higher than the national average. Linda apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Linda.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Linda, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Linda 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 $6M
5 Year Fixed 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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®
$6M to $100M
5 Year Fixed 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
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 Linda 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 Linda, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Linda.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Linda Market

The city of Linda in Yuba County has a population of 20,228. The median rent in Yuba County for a 2 bedroom is $1,206. The median Linda resident is 30 years old with a yearly income of $23,296. The average family has 3.56 members and a median household income of $46,373. Linda has a 14% higher education rate. The unemployment rate in Linda is 9.2%.


Population
20,228 people

County
Yuba County

Renters

53.3% of Linda households are renters.


Rent Burden

33.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Yuba County 1
California 2
National 2
Studio $941 $1,137 $737
1 bedroom $947 $1,291 $813
2 bedroom $1,206 $1,635 $1,015
3 bedroom $1,726 $2,254 $1,325
4 bedroom $2,088 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Linda Demographics


Median Individual Income
$23,296 / year

Median Household Income
$46,373 / year

Families w/ Dual Incomes
44%

Unemployment Rate
9.2%
Household Income Distribution
Linda, CA

Median Age
30 years

Avg Family Size
3.56 people
Age Distribution
Linda, CA

College Education or Above
14%

STEM College Graduates
42%
Education Distribution
Linda, CA
Source: U.S. Census Bureau

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