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Multifamily Loans in
Oxnard, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Oxnard, CA

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

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


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


Oxnard Market

The city of Oxnard in Ventura County has a population of 208,881. The median rent in Ventura County for a 2 bedroom is $2,102. The median Oxnard resident is 32 years old with a yearly income of $26,233. The average family has 4.31 members and a median household income of $72,843. Oxnard has a 18% higher education rate. The unemployment rate in Oxnard is 5.7%.


Population
208,881 people

County
Ventura County

Renters

46.8% of Oxnard households are renters.


Rent Burden

35.7% 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

Oxnard Demographics


Median Individual Income
$26,233 / year

Median Household Income
$72,843 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.7%
Household Income Distribution
Oxnard, CA

Median Age
32 years

Avg Family Size
4.31 people
Age Distribution
Oxnard, CA

College Education or Above
18%

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

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