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Multifamily Loans in
Moorpark, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Moorpark, CA

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

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


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


Moorpark Market

The city of Moorpark in Ventura County has a population of 36,375. The median rent in Ventura County for a 2 bedroom is $2,102. The median Moorpark resident is 39 years old with a yearly income of $43,908. The average family has 3.53 members and a median household income of $107,820. Moorpark has a 45% higher education rate. The unemployment rate in Moorpark is 4.3%.


Population
36,375 people

County
Ventura County

Renters

23.5% of Moorpark households are renters.


Rent Burden

33.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ventura County 1
California 2
National 2
Studio $1,387 $1,137 $737
1 bedroom $1,660 $1,291 $813
2 bedroom $2,102 $1,635 $1,015
3 bedroom $2,940 $2,254 $1,325
4 bedroom $3,486 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Moorpark Demographics


Median Individual Income
$43,908 / year

Median Household Income
$107,820 / year

Families w/ Dual Incomes
63%

Unemployment Rate
4.3%
Household Income Distribution
Moorpark, CA

Median Age
39 years

Avg Family Size
3.53 people
Age Distribution
Moorpark, CA

College Education or Above
45%

STEM College Graduates
48%
Education Distribution
Moorpark, CA
Source: U.S. Census Bureau

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