Dalton is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Dalton are considered greater risk due to market dynamics. Interest rates for multifamily loans in Dalton are higher than the national average. Dalton 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 Dalton.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dalton 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.37% - 5.61% |
| 10 Year Fixed | 5.23% - 5.47% |
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 Dalton.
The city of Dalton in Whitfield County has a population of 33,665. The median rent in Whitfield County for a 2 bedroom is $794. The median Dalton resident is 33 years old with a yearly income of $25,113. The average family has 3.54 members and a median household income of $44,696. Dalton has a 20% higher education rate. The unemployment rate in Dalton is 5.2%.
56.4% of Dalton households are renters.
23.6% median household income spent on rent.
Bedrooms |
Whitfield County 1 |
Georgia 2 |
National 2 |
|---|---|---|---|
| Studio | $559 | $670 | $737 |
| 1 bedroom | $640 | $698 | $813 |
| 2 bedroom | $794 | $840 | $1,015 |
| 3 bedroom | $1,088 | $1,103 | $1,325 |
| 4 bedroom | $1,094 | $1,302 | $1,521 |
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