Known for its picturesque landscapes and thriving economy, Santa Clarita, California, is a city that offers a unique blend of opportunities. One such opportunity is the availability of HUD housing loans. These loans, backed by the Department of Housing and Urban Development (HUD), are a beacon of hope for many aspiring homeowners in the city, providing them with an affordable pathway to homeownership.

With the city's commitment to affordable housing and the support of HUD, Santa Clarita has become a model for other cities in California. The HUD housing loans have not only made homeownership accessible but also contributed to the city's economic growth and stability.

Local Housing Market Overview

The housing market in Santa Clarita is characterized by its resilience and steady growth. Despite the economic challenges posed by the global pandemic, the city's housing market has remained robust, with a steady demand for homes. According to data from HUD, the median home price in Santa Clarita is higher than the national average, reflecting the city's strong economy and high quality of life.

However, the city is not immune to the affordability crisis affecting many parts of California. The rising home prices have made it difficult for many residents to afford a home. This is where HUD housing loans come into play. These loans have been instrumental in bridging the affordability gap, enabling many residents to realize their dream of homeownership.

Economic Landscape and Demographic Trends

Santa Clarita's economy is diverse and dynamic, with key sectors including entertainment, healthcare, and technology. According to the Bureau of Labor Statistics, the city has a lower unemployment rate compared to the national average. This strong job market, coupled with the city's high quality of life, has attracted a steady influx of new residents, further fueling demand for housing.

Demographically, Santa Clarita is home to a mix of young professionals, families, and retirees. The presence of several higher education institutions and major healthcare facilities has made the city a magnet for young professionals and students. Meanwhile, the city's safe neighborhoods and excellent amenities have attracted families and retirees. These demographic trends have shaped the city's housing market, creating a diverse demand for housing that ranges from single-family homes to multifamily units.

Today's Interest Rates in Santa Clarita

Find today's rates in the table below.

Please note that these are only benchmark index rates — each loan product will have a rate that varies depending on the property, the location, the borrower's financial strength and experience, and several other factors.

Our Experts

When it comes to getting a HUD loan for your multifamily property, there are several amazing options. The names of the loans themselves are not particularly descriptive, however — more alphabet soup than proper name — yet they have major differences in purpose, eligibility, and terms.

Our team connects you with lenders across the U.S. to find the best financing terms for your property, even if that ends up being outside the world of HUD financing. It doesn't matter if you're buying or building, renovating or expanding, shopping your loan to multiple lenders puts you in a strong position to pick the financing terms that meet your needs.

Our experienced team of capital markets advisors will source the very best terms from our unparalleled network of lenders to ensure your property gets the best financing terms available. We offer this service completely free of charge.

Looking for more information about Santa Clarita? Read on below. Otherwise, click the button below, and we'll get right back to you with your free multifamily loan quote.

Current HUD Multifamily Loans in Santa Clarita

There are a wide range of HUD financing options for multifamily properties in Santa Clarita. Keep reading to learn which one could be the most suitable for your property.

HUD 223(f) Loans

A HUD 223(f) loan is an extremely versatile financing option that can be used for the acquisition or refinance of a multifamily property with more than five units. With long, fully amortizing terms, fixed interest rates and high LTVs, these loans can be the ideal financing vehicle to acquire a multifamily property.

HUD 221(d)(4) Loans

The HUD 221(d)(4) loan is the highest-leverage, lowest-cost construction loan available for a multifamily development. Offering terms of up to 43 years at a fixed interest rate, this financing is extremely popular with developers for good reason. During construction, the loan is interest-only (for up to three years), and upon completion the note has a fully amortizing, 40-year term.

HUD 223(a)(7) Loans

Fast isn't what most people might think of when they think of getting a HUD multifamily loan. However, a HUD 223(a)(7) loan offers both speed and simplicity, with fewer reports and documentation needed. At the same time, this program offers loans with lengthy, fully amortizing terms, and low, fixed rates in a non-recourse package.

Note that while a HUD 223(a)(7) loan can be a wonderful option, it is only available for properties with existing HUD multifamily debt.

HUD 241(a) Loans

If you need supplemental financing for your apartment building in Santa Clarita, a HUD 241(a) loan could be a great option. These loans are non-recourse and offer financing at a loan-to-cost ratio of 90% for for-profit entities and 95% for nonprofits. You need an existing HUD loan on your apartment building or healthcare property to qualify.

Interest rates are fixed, and the loan's term length typically will match the term of the senior HUD loan on the property, though in many cases this term can be extended up to 40 years.

HUD 232/223(f) Loans

HUD's healthcare property loan, the 232/223(f) loan, is similar to the previously mentioned HUD 223(f) financing option. Useful for purchasing or refinancing healthcare properties (including skilled nursing and assisted living facilities), the loan does have some restrictions in terms of commercial space. However, the benefits of a 35-year, fully amortizing term at a fixed rate is unparalleled in the healthcare sector.

Think a HUD multifamily loan could be right for your property in Santa Clarita? Add your details to the form below, and we’ll match you with the best lender — and loan — for your investment strategy.

Multifamily Property Insurance in Santa Clarita

This part isn't about loans, but it's just as important to your investment's success: insurance.

Multifamily insurance premiums have shot through the roof over the past few years, as I'm sure you know. Whether you own (or plan to own) a market-rate apartment building or an affordable housing property, this will have a huge impact on your profitability — and, worst case, ability to operate at all.

Janover Insurance Group is dedicated to finding the best insurance solutions for your multifamily property in Santa Clarita, regardless of if it's affordable housing or if you're using a HUD loan. Click to get a free insurance quote for your property — no obligation whatsoever.