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Multifamily Loans in
North Highlands, CA

Overview

North Highlands is located in a strong market for 5+ unit multifamily loans. Multifamily loans in North Highlands are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in North Highlands are some of the lowest nationally. North Highlands 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 North Highlands.

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in North Highlands, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in North Highlands are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in North Highlands 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 Jan 29, 2022


Multifamily Lenders in North Highlands, CA

All major multifamily lender types are lending in North Highlands.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Jan 29, 2022


North Highlands Market

The city of North Highlands in Sacramento County has a population of 47,661. The median rent in Sacramento County for a 2 bedroom is $1,606. The median North Highlands resident is 32 years old with a yearly income of $24,122. The average family has 3.66 members and a median household income of $45,488. North Highlands has a 14% higher education rate. The unemployment rate in North Highlands is 5.1%.


Population
47,661 people

County
Sacramento County

Renters

54.9% of North Highlands households are renters.


Rent Burden

38.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Sacramento County 1
California 2
National 2
Studio $1,138 $1,137 $737
1 bedroom $1,276 $1,291 $813
2 bedroom $1,606 $1,635 $1,015
3 bedroom $2,298 $2,254 $1,325
4 bedroom $2,781 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

North Highlands Demographics


Median Individual Income
$24,122 / year

Median Household Income
$45,488 / year

Families w/ Dual Incomes
42%

Unemployment Rate
5.1%
Household Income Distribution
North Highlands, CA

Median Age
32 years

Avg Family Size
3.66 people
Age Distribution
North Highlands, CA

College Education or Above
14%

STEM College Graduates
47%
Education Distribution
North Highlands, CA
Source: U.S. Census Bureau

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