Visalia is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Visalia are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Visalia are slightly higher than the national average. Visalia 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 Visalia.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Visalia 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 Visalia.
The city of Visalia in Tulare County has a population of 134,605. The median rent in Tulare County for a 2 bedroom is $1,014. The median Visalia resident is 32 years old with a yearly income of $30,088. The average family has 3.55 members and a median household income of $62,263. Visalia has a 23% higher education rate. The unemployment rate in Visalia is 4.9%.
40.3% of Visalia households are renters.
29.2% median household income spent on rent.
Bedrooms |
Tulare County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $764 | $1,137 | $737 |
| 1 bedroom | $769 | $1,291 | $813 |
| 2 bedroom | $1,014 | $1,635 | $1,015 |
| 3 bedroom | $1,413 | $2,254 | $1,325 |
| 4 bedroom | $1,651 | $2,613 | $1,521 |
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