Reedley is located in a good market for 5+ unit multifamily loans. Multifamily loans in Reedley are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Reedley are competitive. Reedley 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 Reedley.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Reedley 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 | 6.39% - 6.63% |
| 7 Year Fixed | 6.13% - 6.37% |
| 10 Year Fixed | 6.24% - 6.48% |
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 | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Reedley.
The city of Reedley in Fresno County has a population of 25,658. The median rent in Fresno County for a 2 bedroom is $1,134. The median Reedley resident is 31 years old with a yearly income of $20,825. The average family has 3.91 members and a median household income of $46,490. Reedley has a 13% higher education rate. The unemployment rate in Reedley is 13.0%.
37.1% of Reedley households are renters.
35.3% median household income spent on rent.
Bedrooms |
Fresno County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $847 | $1,137 | $737 |
| 1 bedroom | $907 | $1,291 | $813 |
| 2 bedroom | $1,134 | $1,635 | $1,015 |
| 3 bedroom | $1,608 | $2,254 | $1,325 |
| 4 bedroom | $1,862 | $2,613 | $1,521 |
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