Los Gatos is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Los Gatos are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Los Gatos are some of the lowest nationally. Los Gatos 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 Los Gatos.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Los Gatos are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.23% - 6.97% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.21% - 6.61% |
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 | 6.03% - 6.77% |
| 7 Year Fixed | 6.00% - 6.51% |
| 10 Year Fixed | 6.01% - 6.41% |
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 Los Gatos.
The city of Los Gatos in Santa Clara County has a population of 30,222. The median rent in Santa Clara County for a 2 bedroom is $3,223. The median Los Gatos resident is 47 years old with a yearly income of $73,634. The average family has 3.03 members and a median household income of $155,863. Los Gatos has a 70% higher education rate. The unemployment rate in Los Gatos is 4.5%.
35.1% of Los Gatos households are renters.
26.5% median household income spent on rent.
Bedrooms |
Santa Clara County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $2,354 | $1,137 | $737 |
| 1 bedroom | $2,702 | $1,291 | $813 |
| 2 bedroom | $3,223 | $1,635 | $1,015 |
| 3 bedroom | $4,209 | $2,254 | $1,325 |
| 4 bedroom | $4,852 | $2,613 | $1,521 |
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