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Multifamily Loans in
Santa Paula, CA

Overview

Santa Paula is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Santa Paula are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Santa Paula are slightly higher than the national average. Santa Paula apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Santa Paula.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Santa Paula, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Santa Paula 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 $6M
5 Year Fixed 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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®
$6M to $100M
5 Year Fixed 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Paula 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 Paula, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Santa Paula.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 06, 2021


Santa Paula Market

The city of Santa Paula in Ventura County has a population of 29,806. The median rent in Ventura County for a 2 bedroom is $2,102. The median Santa Paula resident is 32 years old with a yearly income of $26,003. The average family has 4 members and a median household income of $60,468. Santa Paula has a 14% higher education rate. The unemployment rate in Santa Paula is 7.3%.


Population
29,806 people

County
Ventura County

Renters

45.9% of Santa Paula households are renters.


Rent Burden

37.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ventura County 1
California 2
National 2
Studio $1,387 $1,137 $737
1 bedroom $1,660 $1,291 $813
2 bedroom $2,102 $1,635 $1,015
3 bedroom $2,940 $2,254 $1,325
4 bedroom $3,486 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Santa Paula Demographics


Median Individual Income
$26,003 / year

Median Household Income
$60,468 / year

Families w/ Dual Incomes
61%

Unemployment Rate
7.3%
Household Income Distribution
Santa Paula, CA

Median Age
32 years

Avg Family Size
4 people
Age Distribution
Santa Paula, CA

College Education or Above
14%

STEM College Graduates
47%
Education Distribution
Santa Paula, CA
Source: U.S. Census Bureau

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