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Multifamily Loans in
Merced, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Merced, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Merced 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 Merced 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 Merced, CA

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


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


Merced Market

The city of Merced in Merced County has a population of 83,676. The median rent in Merced County for a 2 bedroom is $1,148. The median Merced resident is 29 years old with a yearly income of $22,229. The average family has 3.72 members and a median household income of $45,232. Merced has a 17% higher education rate. The unemployment rate in Merced is 12.7%.


Population
83,676 people

County
Merced County

Renters

58.7% of Merced households are renters.


Rent Burden

38.1% 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

Merced Demographics


Median Individual Income
$22,229 / year

Median Household Income
$45,232 / year

Families w/ Dual Incomes
41%

Unemployment Rate
12.7%
Household Income Distribution
Merced, CA

Median Age
29 years

Avg Family Size
3.72 people
Age Distribution
Merced, CA

College Education or Above
17%

STEM College Graduates
44%
Education Distribution
Merced, CA
Source: U.S. Census Bureau

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