American Canyon is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in American Canyon are considered greater risk due to market dynamics. Interest rates for multifamily loans in American Canyon are higher than the national average. American Canyon apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in American Canyon.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in American Canyon are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.63% - 5.87% |
| 7 Year Fixed | 5.24% - 5.48% |
| 10 Year Fixed | 5.28% - 5.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in American Canyon.
The city of American Canyon in Napa County has a population of 20,475. The median rent in Napa County for a 2 bedroom is $2,203. The median American Canyon resident is 38 years old with a yearly income of $35,594. The average family has 4.12 members and a median household income of $101,792. American Canyon has a 30% higher education rate. The unemployment rate in American Canyon is 5.2%.
22.5% of American Canyon households are renters.
34.4% median household income spent on rent.
Bedrooms |
Napa County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,454 | $1,137 | $737 |
| 1 bedroom | $1,672 | $1,291 | $813 |
| 2 bedroom | $2,203 | $1,635 | $1,015 |
| 3 bedroom | $3,085 | $2,254 | $1,325 |
| 4 bedroom | $3,096 | $2,613 | $1,521 |
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