Mission Viejo is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Mission Viejo are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Mission Viejo are some of the lowest nationally. Mission Viejo 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 Mission Viejo.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mission Viejo are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.55% - 6.79% |
| 10 Year Fixed | 6.59% - 6.83% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Mission Viejo.
The city of Mission Viejo in Orange County has a population of 94,381. The median rent in Orange County for a 2 bedroom is $2,507. The median Mission Viejo resident is 46 years old with a yearly income of $46,771. The average family has 3.17 members and a median household income of $118,477. Mission Viejo has a 49% higher education rate. The unemployment rate in Mission Viejo is 4.1%.
23.1% of Mission Viejo households are renters.
31.4% median household income spent on rent.
Bedrooms |
Orange County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,805 | $1,137 | $737 |
| 1 bedroom | $2,031 | $1,291 | $813 |
| 2 bedroom | $2,507 | $1,635 | $1,015 |
| 3 bedroom | $3,470 | $2,254 | $1,325 |
| 4 bedroom | $3,997 | $2,613 | $1,521 |
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