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Multifamily Loans in
Tulare, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Tulare, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Tulare 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Tulare 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 03, 2021


Multifamily Lenders in Tulare, CA

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


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 03, 2021


Tulare Market

The city of Tulare in Tulare County has a population of 65,496. The median rent in Tulare County for a 2 bedroom is $1,014. The median Tulare resident is 28 years old with a yearly income of $27,448. The average family has 3.82 members and a median household income of $54,037. Tulare has a 11% higher education rate. The unemployment rate in Tulare is 6.9%.


Population
65,496 people

County
Tulare County

Renters

43.3% of Tulare households are renters.


Rent Burden

35.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Tulare County 1
California 2
National 2
Studio $764 $1,137 $737
1 bedroom $769 $1,291 $813
2 bedroom $1,014 $1,635 $1,015
3 bedroom $1,413 $2,254 $1,325
4 bedroom $1,651 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Tulare Demographics


Median Individual Income
$27,448 / year

Median Household Income
$54,037 / year

Families w/ Dual Incomes
46%

Unemployment Rate
6.9%
Household Income Distribution
Tulare, CA

Median Age
28 years

Avg Family Size
3.82 people
Age Distribution
Tulare, CA

College Education or Above
11%

STEM College Graduates
37%
Education Distribution
Tulare, CA
Source: U.S. Census Bureau

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