Yuba City is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Yuba City are considered greater risk due to market dynamics. Interest rates for multifamily loans in Yuba City are higher than the national average. Yuba City apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Yuba City.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Yuba City 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 | 5.63% - 5.87% |
| 7 Year Fixed | 5.24% - 5.48% |
| 10 Year Fixed | 5.28% - 5.52% |
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 | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Yuba City.
The city of Yuba City in Sutter County has a population of 67,010. The median rent in Sutter County for a 2 bedroom is $1,206. The median Yuba City resident is 35 years old with a yearly income of $26,234. The average family has 3.43 members and a median household income of $56,816. Yuba City has a 19% higher education rate. The unemployment rate in Yuba City is 8.7%.
46.5% of Yuba City households are renters.
32.1% median household income spent on rent.
Bedrooms |
Sutter County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $941 | $1,137 | $737 |
| 1 bedroom | $947 | $1,291 | $813 |
| 2 bedroom | $1,206 | $1,635 | $1,015 |
| 3 bedroom | $1,726 | $2,254 | $1,325 |
| 4 bedroom | $2,088 | $2,613 | $1,521 |
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