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Multifamily Loans in
San Mateo, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in San Mateo, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in San Mateo are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in San Mateo 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 03, 2021


Multifamily Lenders in San Mateo, CA

All major multifamily lender types are lending in San Mateo.


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 03, 2021


San Mateo Market

The city of San Mateo in San Mateo County has a population of 104,430. The median rent in San Mateo County for a 2 bedroom is $3,700. The median San Mateo resident is 38 years old with a yearly income of $53,568. The average family has 3.27 members and a median household income of $124,842. San Mateo has a 54% higher education rate. The unemployment rate in San Mateo is 3.7%.


Population
104,430 people

County
San Mateo County

Renters

45.6% of San Mateo households are renters.


Rent Burden

29.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Mateo County 1
California 2
National 2
Studio $2,447 $1,137 $737
1 bedroom $3,044 $1,291 $813
2 bedroom $3,700 $1,635 $1,015
3 bedroom $4,756 $2,254 $1,325
4 bedroom $5,176 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

San Mateo Demographics


Median Individual Income
$53,568 / year

Median Household Income
$124,842 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.7%
Household Income Distribution
San Mateo, CA

Median Age
38 years

Avg Family Size
3.27 people
Age Distribution
San Mateo, CA

College Education or Above
54%

STEM College Graduates
57%
Education Distribution
San Mateo, CA
Source: U.S. Census Bureau

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