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Multifamily Loans in
Wasco, CA

Overview

Wasco is located in a good market for 5+ unit multifamily loans. Multifamily loans in Wasco are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Wasco are competitive. Wasco apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Wasco.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Wasco, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wasco 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 $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Wasco 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 Wasco, CA

All major multifamily lender types are lending in Wasco.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 03, 2021


Wasco Market

The city of Wasco in Kern County has a population of 28,710. The median rent in Kern County for a 2 bedroom is $1,039. The median Wasco resident is 30 years old with a yearly income of $18,001. The average family has 3.95 members and a median household income of $39,250. Wasco has a 4% higher education rate. The unemployment rate in Wasco is 10.3%.


Population
28,710 people

County
Kern County

Renters

40% of Wasco households are renters.


Rent Burden

33.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kern County 1
California 2
National 2
Studio $786 $1,137 $737
1 bedroom $796 $1,291 $813
2 bedroom $1,039 $1,635 $1,015
3 bedroom $1,487 $2,254 $1,325
4 bedroom $1,799 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Wasco Demographics


Median Individual Income
$18,001 / year

Median Household Income
$39,250 / year

Families w/ Dual Incomes
47%

Unemployment Rate
10.3%
Household Income Distribution
Wasco, CA

Median Age
30 years

Avg Family Size
3.95 people
Age Distribution
Wasco, CA

College Education or Above
4%

STEM College Graduates
43%
Education Distribution
Wasco, CA
Source: U.S. Census Bureau

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