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Multifamily Loans in
Stockton, CA

Overview

Stockton is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Stockton are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Stockton are slightly higher than the national average. Stockton 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 Stockton.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Stockton, CA

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

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


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


Stockton Market

The city of Stockton in San Joaquin County has a population of 312,697. The median rent in San Joaquin County for a 2 bedroom is $1,367. The median Stockton resident is 33 years old with a yearly income of $26,059. The average family has 3.77 members and a median household income of $54,614. Stockton has a 18% higher education rate. The unemployment rate in Stockton is 8.8%.


Population
312,697 people

County
San Joaquin County

Renters

51.2% of Stockton households are renters.


Rent Burden

35.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Joaquin County 1
California 2
National 2
Studio $909 $1,137 $737
1 bedroom $1,037 $1,291 $813
2 bedroom $1,367 $1,635 $1,015
3 bedroom $1,956 $2,254 $1,325
4 bedroom $2,367 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Stockton Demographics


Median Individual Income
$26,059 / year

Median Household Income
$54,614 / year

Families w/ Dual Incomes
49%

Unemployment Rate
8.8%
Household Income Distribution
Stockton, CA

Median Age
33 years

Avg Family Size
3.77 people
Age Distribution
Stockton, CA

College Education or Above
18%

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

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