Rancho Cordova is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Rancho Cordova are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Rancho Cordova are some of the lowest nationally. Rancho Cordova 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 Rancho Cordova.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rancho Cordova 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 Rancho Cordova.
The city of Rancho Cordova in Sacramento County has a population of 75,087. The median rent in Sacramento County for a 2 bedroom is $1,606. The median Rancho Cordova resident is 35 years old with a yearly income of $31,410. The average family has 3.37 members and a median household income of $65,307. Rancho Cordova has a 27% higher education rate. The unemployment rate in Rancho Cordova is 7.5%.
45% of Rancho Cordova households are renters.
33.5% 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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