Rancho Santa Margarita is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Rancho Santa Margarita are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Rancho Santa Margarita are some of the lowest nationally. Rancho Santa Margarita 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 Santa Margarita.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rancho Santa Margarita are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.55% - 6.79% |
| 10 Year Fixed | 6.59% - 6.83% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Rancho Santa Margarita.
The city of Rancho Santa Margarita in Orange County has a population of 47,896. The median rent in Orange County for a 2 bedroom is $2,507. The median Rancho Santa Margarita resident is 39 years old with a yearly income of $54,219. The average family has 3.26 members and a median household income of $121,017. Rancho Santa Margarita has a 51% higher education rate. The unemployment rate in Rancho Santa Margarita is 3.1%.
29.2% of Rancho Santa Margarita households are renters.
33% median household income spent on rent.
Bedrooms |
Orange County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,805 | $1,137 | $737 |
| 1 bedroom | $2,031 | $1,291 | $813 |
| 2 bedroom | $2,507 | $1,635 | $1,015 |
| 3 bedroom | $3,470 | $2,254 | $1,325 |
| 4 bedroom | $3,997 | $2,613 | $1,521 |
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