Santa Rosa is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Santa Rosa are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Santa Rosa are slightly higher than the national average. Santa Rosa 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 Santa Rosa.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Santa Rosa 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 Santa Rosa.
The city of Santa Rosa in Sonoma County has a population of 176,753. The median rent in Sonoma County for a 2 bedroom is $2,179. The median Santa Rosa resident is 39 years old with a yearly income of $35,182. The average family has 3.24 members and a median household income of $75,630. Santa Rosa has a 33% higher education rate. The unemployment rate in Santa Rosa is 4.7%.
46% of Santa Rosa households are renters.
33.3% median household income spent on rent.
Bedrooms |
Sonoma County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,462 | $1,137 | $737 |
| 1 bedroom | $1,658 | $1,291 | $813 |
| 2 bedroom | $2,179 | $1,635 | $1,015 |
| 3 bedroom | $3,084 | $2,254 | $1,325 |
| 4 bedroom | $3,553 | $2,613 | $1,521 |
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