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Multifamily Loans in
South Whittier, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in South Whittier, CA

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

All major multifamily lender types are lending in South Whittier.


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


South Whittier Market

The city of South Whittier in Los Angeles County has a population of 60,357. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median South Whittier resident is 33 years old with a yearly income of $30,619. The average family has 4.23 members and a median household income of $71,458. South Whittier has a 15% higher education rate. The unemployment rate in South Whittier is 5.4%.


Population
60,357 people

County
Los Angeles County

Renters

34.8% of South Whittier households are renters.


Rent Burden

35.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Los Angeles County 1
California 2
National 2
Studio $1,488 $1,137 $737
1 bedroom $1,746 $1,291 $813
2 bedroom $2,238 $1,635 $1,015
3 bedroom $2,974 $2,254 $1,325
4 bedroom $3,243 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South Whittier Demographics


Median Individual Income
$30,619 / year

Median Household Income
$71,458 / year

Families w/ Dual Incomes
60%

Unemployment Rate
5.4%
Household Income Distribution
South Whittier, CA

Median Age
33 years

Avg Family Size
4.23 people
Age Distribution
South Whittier, CA

College Education or Above
15%

STEM College Graduates
39%
Education Distribution
South Whittier, CA
Source: U.S. Census Bureau

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