Vallejo is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Vallejo are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Vallejo are slightly higher than the national average. Vallejo 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 Vallejo.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Vallejo 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 Vallejo.
The city of Vallejo in Solano County has a population of 121,692. The median rent in Solano County for a 2 bedroom is $1,767. The median Vallejo resident is 38 years old with a yearly income of $31,765. The average family has 3.42 members and a median household income of $69,405. Vallejo has a 26% higher education rate. The unemployment rate in Vallejo is 8.2%.
44.5% of Vallejo households are renters.
38% median household income spent on rent.
Bedrooms |
Solano County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,300 | $1,137 | $737 |
| 1 bedroom | $1,477 | $1,291 | $813 |
| 2 bedroom | $1,767 | $1,635 | $1,015 |
| 3 bedroom | $2,529 | $2,254 | $1,325 |
| 4 bedroom | $3,059 | $2,613 | $1,521 |
We're here to help.