Linda is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Linda are considered greater risk due to market dynamics. Interest rates for multifamily loans in Linda are higher than the national average. Linda 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 Linda.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Linda 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 Linda.
The city of Linda in Yuba County has a population of 20,228. The median rent in Yuba County for a 2 bedroom is $1,206. The median Linda resident is 30 years old with a yearly income of $23,296. The average family has 3.56 members and a median household income of $46,373. Linda has a 14% higher education rate. The unemployment rate in Linda is 9.2%.
53.3% of Linda households are renters.
33.7% median household income spent on rent.
Bedrooms |
Yuba County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $941 | $1,137 | $737 |
| 1 bedroom | $947 | $1,291 | $813 |
| 2 bedroom | $1,206 | $1,635 | $1,015 |
| 3 bedroom | $1,726 | $2,254 | $1,325 |
| 4 bedroom | $2,088 | $2,613 | $1,521 |
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