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Multifamily Loans in
Port Hueneme, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Port Hueneme, CA

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

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


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


Port Hueneme Market

The city of Port Hueneme in Ventura County has a population of 21,926. The median rent in Ventura County for a 2 bedroom is $2,102. The median Port Hueneme resident is 33 years old with a yearly income of $28,990. The average family has 3.83 members and a median household income of $64,126. Port Hueneme has a 20% higher education rate. The unemployment rate in Port Hueneme is 5.0%.


Population
21,926 people

County
Ventura County

Renters

51% of Port Hueneme households are renters.


Rent Burden

36.8% 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

Port Hueneme Demographics


Median Individual Income
$28,990 / year

Median Household Income
$64,126 / year

Families w/ Dual Incomes
56%

Unemployment Rate
5.0%
Household Income Distribution
Port Hueneme, CA

Median Age
33 years

Avg Family Size
3.83 people
Age Distribution
Port Hueneme, CA

College Education or Above
20%

STEM College Graduates
52%
Education Distribution
Port Hueneme, CA
Source: U.S. Census Bureau

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