Suisun City is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Suisun City are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Suisun City are slightly higher than the national average. Suisun City 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 Suisun City.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Suisun City are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.18% - 7.42% |
| 7 Year Fixed | 6.72% - 6.96% |
| 10 Year Fixed | 6.78% - 7.02% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Suisun City.
The city of Suisun City in Solano County has a population of 29,663. The median rent in Solano County for a 2 bedroom is $1,767. The median Suisun City resident is 34 years old with a yearly income of $34,381. The average family has 3.57 members and a median household income of $83,320. Suisun City has a 22% higher education rate. The unemployment rate in Suisun City is 5.6%.
37.9% of Suisun City households are renters.
32.2% median household income spent on rent.
Bedrooms |
Solano County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,300 | $1,137 | $737 |
| 1 bedroom | $1,477 | $1,291 | $813 |
| 2 bedroom | $1,767 | $1,635 | $1,015 |
| 3 bedroom | $2,529 | $2,254 | $1,325 |
| 4 bedroom | $3,059 | $2,613 | $1,521 |
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