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Multifamily Loans in
Los Banos, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Los Banos, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Los Banos 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/05/2021. This is not an offer or commitment to lend. Multifamily loan rates in Los Banos 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 06, 2021


Multifamily Lenders in Los Banos, CA

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


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 06, 2021


Los Banos Market

The city of Los Banos in Merced County has a population of 41,036. The median rent in Merced County for a 2 bedroom is $1,148. The median Los Banos resident is 30 years old with a yearly income of $26,814. The average family has 4.01 members and a median household income of $62,874. Los Banos has a 11% higher education rate. The unemployment rate in Los Banos is 13.3%.


Population
41,036 people

County
Merced County

Renters

43.2% of Los Banos households are renters.


Rent Burden

33.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Merced County 1
California 2
National 2
Studio $779 $1,137 $737
1 bedroom $949 $1,291 $813
2 bedroom $1,148 $1,635 $1,015
3 bedroom $1,643 $2,254 $1,325
4 bedroom $1,988 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Los Banos Demographics


Median Individual Income
$26,814 / year

Median Household Income
$62,874 / year

Families w/ Dual Incomes
50%

Unemployment Rate
13.3%
Household Income Distribution
Los Banos, CA

Median Age
30 years

Avg Family Size
4.01 people
Age Distribution
Los Banos, CA

College Education or Above
11%

STEM College Graduates
43%
Education Distribution
Los Banos, CA
Source: U.S. Census Bureau

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