Rancho San Diego is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Rancho San Diego are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Rancho San Diego are some of the lowest nationally. Rancho San Diego 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 San Diego.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rancho San Diego are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.12% - 6.36% |
| 7 Year Fixed | 6.05% - 6.29% |
| 10 Year Fixed | 6.14% - 6.38% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.44% - 5.54% |
| 7 Year Fixed | 5.49% - 5.59% |
| 10 Year Fixed | 5.47% - 5.57% |
All major multifamily lender types are lending in Rancho San Diego.
The city of Rancho San Diego in San Diego County has a population of 21,799. The median rent in San Diego County for a 2 bedroom is $2,254. The median Rancho San Diego resident is 42 years old with a yearly income of $41,066. The average family has 3.42 members and a median household income of $95,892. Rancho San Diego has a 43% higher education rate. The unemployment rate in Rancho San Diego is 5.8%.
30.9% of Rancho San Diego households are renters.
33.5% median household income spent on rent.
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 |
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