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Multifamily Loans in
Rosemead, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Rosemead, CA

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

All major multifamily lender types are lending in Rosemead.


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


Rosemead Market

The city of Rosemead in Los Angeles County has a population of 54,058. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Rosemead resident is 42 years old with a yearly income of $22,361. The average family has 4.02 members and a median household income of $57,999. Rosemead has a 20% higher education rate. The unemployment rate in Rosemead is 4.6%.


Population
54,058 people

County
Los Angeles County

Renters

51.7% of Rosemead households are renters.


Rent Burden

37.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Los Angeles County 1
California 2
National 2
Studio $1,488 $1,137 $737
1 bedroom $1,746 $1,291 $813
2 bedroom $2,238 $1,635 $1,015
3 bedroom $2,974 $2,254 $1,325
4 bedroom $3,243 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Rosemead Demographics


Median Individual Income
$22,361 / year

Median Household Income
$57,999 / year

Families w/ Dual Incomes
56%

Unemployment Rate
4.6%
Household Income Distribution
Rosemead, CA

Median Age
42 years

Avg Family Size
4.02 people
Age Distribution
Rosemead, CA

College Education or Above
20%

STEM College Graduates
51%
Education Distribution
Rosemead, CA
Source: U.S. Census Bureau

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