Port Hueneme is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Port Hueneme are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Port Hueneme are slightly higher than the national average. Port Hueneme 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 Port Hueneme.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Port Hueneme 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 Port Hueneme.
The city of Port Hueneme in Ventura County has a population of 21,926. The median rent in Ventura County for a 2 bedroom is $2,102. The median Port Hueneme resident is 33 years old with a yearly income of $28,990. The average family has 3.83 members and a median household income of $64,126. Port Hueneme has a 20% higher education rate. The unemployment rate in Port Hueneme is 5.0%.
51% of Port Hueneme households are renters.
36.8% 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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