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Multifamily Loans in
Ramona, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Ramona, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ramona 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 $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
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®
$7.5M to $100M
5 Year Fixed 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Ramona 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 Ramona, CA

All major multifamily lender types are lending in Ramona.


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 Dec 06, 2021


Ramona Market

The city of Ramona in San Diego County has a population of 21,323. The median rent in San Diego County for a 2 bedroom is $2,254. The median Ramona resident is 37 years old with a yearly income of $32,438. The average family has 3.64 members and a median household income of $84,289. Ramona has a 22% higher education rate. The unemployment rate in Ramona is 4.7%.


Population
21,323 people

County
San Diego County

Renters

33.1% of Ramona households are renters.


Rent Burden

28.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Diego County 1
California 2
National 2
Studio $1,569 $1,137 $737
1 bedroom $1,743 $1,291 $813
2 bedroom $2,254 $1,635 $1,015
3 bedroom $3,170 $2,254 $1,325
4 bedroom $3,903 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Ramona Demographics


Median Individual Income
$32,438 / year

Median Household Income
$84,289 / year

Families w/ Dual Incomes
60%

Unemployment Rate
4.7%
Household Income Distribution
Ramona, CA

Median Age
37 years

Avg Family Size
3.64 people
Age Distribution
Ramona, CA

College Education or Above
22%

STEM College Graduates
45%
Education Distribution
Ramona, CA
Source: U.S. Census Bureau

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