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Multifamily Loans in
Sanger, CA

Overview

Sanger is located in a good market for 5+ unit multifamily loans. Multifamily loans in Sanger are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Sanger are competitive. Sanger 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 Sanger.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Sanger, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sanger 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Sanger 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 Sanger, CA

All major multifamily lender types are lending in Sanger.


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


Sanger Market

The city of Sanger in Fresno County has a population of 25,339. The median rent in Fresno County for a 2 bedroom is $1,134. The median Sanger resident is 33 years old with a yearly income of $23,845. The average family has 3.87 members and a median household income of $48,929. Sanger has a 12% higher education rate. The unemployment rate in Sanger is 5.9%.


Population
25,339 people

County
Fresno County

Renters

44.3% of Sanger households are renters.


Rent Burden

33.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sanger Demographics


Median Individual Income
$23,845 / year

Median Household Income
$48,929 / year

Families w/ Dual Incomes
49%

Unemployment Rate
5.9%
Household Income Distribution
Sanger, CA

Median Age
33 years

Avg Family Size
3.87 people
Age Distribution
Sanger, CA

College Education or Above
12%

STEM College Graduates
32%
Education Distribution
Sanger, CA
Source: U.S. Census Bureau

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