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Multifamily Loans in
Santa Ana, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Santa Ana, CA

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

All major multifamily lender types are lending in Santa Ana.


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


Santa Ana Market

The city of Santa Ana in Orange County has a population of 332,318. The median rent in Orange County for a 2 bedroom is $2,507. The median Santa Ana resident is 32 years old with a yearly income of $24,929. The average family has 4.55 members and a median household income of $66,145. Santa Ana has a 15% higher education rate. The unemployment rate in Santa Ana is 5.1%.


Population
332,318 people

County
Orange County

Renters

53.9% of Santa Ana households are renters.


Rent Burden

34.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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

Santa Ana Demographics


Median Individual Income
$24,929 / year

Median Household Income
$66,145 / year

Families w/ Dual Incomes
66%

Unemployment Rate
5.1%
Household Income Distribution
Santa Ana, CA

Median Age
32 years

Avg Family Size
4.55 people
Age Distribution
Santa Ana, CA

College Education or Above
15%

STEM College Graduates
45%
Education Distribution
Santa Ana, CA
Source: U.S. Census Bureau

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