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Multifamily Loans in
Visalia, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Visalia, CA

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

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


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


Visalia Market

The city of Visalia in Tulare County has a population of 134,605. The median rent in Tulare County for a 2 bedroom is $1,014. The median Visalia resident is 32 years old with a yearly income of $30,088. The average family has 3.55 members and a median household income of $62,263. Visalia has a 23% higher education rate. The unemployment rate in Visalia is 4.9%.


Population
134,605 people

County
Tulare County

Renters

40.3% of Visalia households are renters.


Rent Burden

29.2% 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

Visalia Demographics


Median Individual Income
$30,088 / year

Median Household Income
$62,263 / year

Families w/ Dual Incomes
50%

Unemployment Rate
4.9%
Household Income Distribution
Visalia, CA

Median Age
32 years

Avg Family Size
3.55 people
Age Distribution
Visalia, CA

College Education or Above
23%

STEM College Graduates
41%
Education Distribution
Visalia, CA
Source: U.S. Census Bureau

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