Vacaville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Vacaville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Vacaville are slightly higher than the national average. Vacaville 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 Vacaville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Vacaville 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 Vacaville.
The city of Vacaville in Solano County has a population of 100,670. The median rent in Solano County for a 2 bedroom is $1,767. The median Vacaville resident is 38 years old with a yearly income of $38,803. The average family has 3.3 members and a median household income of $87,823. Vacaville has a 24% higher education rate. The unemployment rate in Vacaville is 4.6%.
38% of Vacaville households are renters.
33.6% 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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