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Multifamily Loans in
Vallejo, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Vallejo, CA

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

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


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


Vallejo Market

The city of Vallejo in Solano County has a population of 121,692. The median rent in Solano County for a 2 bedroom is $1,767. The median Vallejo resident is 38 years old with a yearly income of $31,765. The average family has 3.42 members and a median household income of $69,405. Vallejo has a 26% higher education rate. The unemployment rate in Vallejo is 8.2%.


Population
121,692 people

County
Solano County

Renters

44.5% of Vallejo households are renters.


Rent Burden

38% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Vallejo Demographics


Median Individual Income
$31,765 / year

Median Household Income
$69,405 / year

Families w/ Dual Incomes
52%

Unemployment Rate
8.2%
Household Income Distribution
Vallejo, CA

Median Age
38 years

Avg Family Size
3.42 people
Age Distribution
Vallejo, CA

College Education or Above
26%

STEM College Graduates
45%
Education Distribution
Vallejo, CA
Source: U.S. Census Bureau

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