Atascadero is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Atascadero are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Atascadero are slightly higher than the national average. Atascadero 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 Atascadero.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Atascadero 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 | 5.53% - 5.77% |
| 7 Year Fixed | 5.17% - 5.41% |
| 10 Year Fixed | 5.18% - 5.42% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Atascadero.
The city of Atascadero in San Luis Obispo County has a population of 30,075. The median rent in San Luis Obispo County for a 2 bedroom is $1,795. The median Atascadero resident is 38 years old with a yearly income of $37,355. The average family has 3.04 members and a median household income of $79,658. Atascadero has a 32% higher education rate. The unemployment rate in Atascadero is 3.1%.
37.5% of Atascadero households are renters.
26.9% median household income spent on rent.
Bedrooms |
San Luis Obispo County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,257 | $1,137 | $737 |
| 1 bedroom | $1,362 | $1,291 | $813 |
| 2 bedroom | $1,795 | $1,635 | $1,015 |
| 3 bedroom | $2,569 | $2,254 | $1,325 |
| 4 bedroom | $3,101 | $2,613 | $1,521 |
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