Loading...

Multifamily Loans in
Saratoga, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Saratoga, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.34% - 3.99%
7 Year Fixed 3.22% - 3.80%
10 Year Fixed 3.26% - 3.76%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.04% - 3.69%
7 Year Fixed 2.92% - 3.50%
10 Year Fixed 2.96% - 3.46%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Saratoga 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 Jan 29, 2022


Multifamily Lenders in Saratoga, CA

All major multifamily lender types are lending in Saratoga.


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 Jan 29, 2022


Saratoga Market

The city of Saratoga in Santa Clara County has a population of 30,153. The median rent in Santa Clara County for a 2 bedroom is $3,223. The median Saratoga resident is 50 years old with a yearly income of $81,293. The average family has 3.04 members and a median household income of $191,677. Saratoga has a 78% higher education rate. The unemployment rate in Saratoga is 3.7%.


Population
30,153 people

County
Santa Clara County

Renters

15.4% of Saratoga households are renters.


Rent Burden

22.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Santa Clara County 1
California 2
National 2
Studio $2,354 $1,137 $737
1 bedroom $2,702 $1,291 $813
2 bedroom $3,223 $1,635 $1,015
3 bedroom $4,209 $2,254 $1,325
4 bedroom $4,852 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Saratoga Demographics


Median Individual Income
$81,293 / year

Median Household Income
$191,677 / year

Families w/ Dual Incomes
47%

Unemployment Rate
3.7%
Household Income Distribution
Saratoga, CA

Median Age
50 years

Avg Family Size
3.04 people
Age Distribution
Saratoga, CA

College Education or Above
78%

STEM College Graduates
68%
Education Distribution
Saratoga, CA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day