Moorpark is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Moorpark are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Moorpark are slightly higher than the national average. Moorpark 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 Moorpark.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Moorpark 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 Moorpark.
The city of Moorpark in Ventura County has a population of 36,375. The median rent in Ventura County for a 2 bedroom is $2,102. The median Moorpark resident is 39 years old with a yearly income of $43,908. The average family has 3.53 members and a median household income of $107,820. Moorpark has a 45% higher education rate. The unemployment rate in Moorpark is 4.3%.
23.5% of Moorpark households are renters.
33.1% median household income spent on rent.
Bedrooms |
Ventura County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,387 | $1,137 | $737 |
| 1 bedroom | $1,660 | $1,291 | $813 |
| 2 bedroom | $2,102 | $1,635 | $1,015 |
| 3 bedroom | $2,940 | $2,254 | $1,325 |
| 4 bedroom | $3,486 | $2,613 | $1,521 |
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