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Multifamily Loans in
Madera, CA

Overview

Madera is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Madera are considered greater risk due to market dynamics. Interest rates for multifamily loans in Madera are higher than the national average. Madera 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 Madera.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Madera, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Madera 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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Madera 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 Madera, CA

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


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


Madera Market

The city of Madera in Madera County has a population of 65,860. The median rent in Madera County for a 2 bedroom is $1,224. The median Madera resident is 29 years old with a yearly income of $21,156. The average family has 3.95 members and a median household income of $45,163. Madera has a 10% higher education rate. The unemployment rate in Madera is 9.2%.


Population
65,860 people

County
Madera County

Renters

52.2% of Madera households are renters.


Rent Burden

36.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Madera County 1
California 2
National 2
Studio $931 $1,137 $737
1 bedroom $937 $1,291 $813
2 bedroom $1,224 $1,635 $1,015
3 bedroom $1,752 $2,254 $1,325
4 bedroom $1,917 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Madera Demographics


Median Individual Income
$21,156 / year

Median Household Income
$45,163 / year

Families w/ Dual Incomes
49%

Unemployment Rate
9.2%
Household Income Distribution
Madera, CA

Median Age
29 years

Avg Family Size
3.95 people
Age Distribution
Madera, CA

College Education or Above
10%

STEM College Graduates
39%
Education Distribution
Madera, CA
Source: U.S. Census Bureau

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