Loading...

Multifamily Loans in
Rancho Cordova, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Rancho Cordova, CA

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

All major multifamily lender types are lending in Rancho Cordova.


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


Rancho Cordova Market

The city of Rancho Cordova in Sacramento County has a population of 75,087. The median rent in Sacramento County for a 2 bedroom is $1,606. The median Rancho Cordova resident is 35 years old with a yearly income of $31,410. The average family has 3.37 members and a median household income of $65,307. Rancho Cordova has a 27% higher education rate. The unemployment rate in Rancho Cordova is 7.5%.


Population
75,087 people

County
Sacramento County

Renters

45% of Rancho Cordova households are renters.


Rent Burden

33.5% 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

Rancho Cordova Demographics


Median Individual Income
$31,410 / year

Median Household Income
$65,307 / year

Families w/ Dual Incomes
52%

Unemployment Rate
7.5%
Household Income Distribution
Rancho Cordova, CA

Median Age
35 years

Avg Family Size
3.37 people
Age Distribution
Rancho Cordova, CA

College Education or Above
27%

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

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day