Folsom is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Folsom are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Folsom are some of the lowest nationally. Folsom 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 Folsom.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Folsom 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.71% - 5.46% |
| 7 Year Fixed | 5.10% - 5.34% |
| 10 Year Fixed | 5.09% - 5.33% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Folsom.
The city of Folsom in Sacramento County has a population of 81,328. The median rent in Sacramento County for a 2 bedroom is $1,606. The median Folsom resident is 41 years old with a yearly income of $59,131. The average family has 3.13 members and a median household income of $114,405. Folsom has a 51% higher education rate. The unemployment rate in Folsom is 3.1%.
30.5% of Folsom households are renters.
29.3% median household income spent on rent.
Bedrooms |
Sacramento County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,138 | $1,137 | $737 |
| 1 bedroom | $1,276 | $1,291 | $813 |
| 2 bedroom | $1,606 | $1,635 | $1,015 |
| 3 bedroom | $2,298 | $2,254 | $1,325 |
| 4 bedroom | $2,781 | $2,613 | $1,521 |
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