Dekalb is located in a good market for 5+ unit multifamily loans. Multifamily loans in Dekalb are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Dekalb are competitive. Dekalb apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Dekalb.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dekalb 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.25% - 5.49% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Dekalb.
The city of Dekalb in DeKalb County has a population of 42,847. The median rent in DeKalb County for a 2 bedroom is $1,092. The median Dekalb resident is 25 years old with a yearly income of $20,622. The average family has 3.12 members and a median household income of $45,020. Dekalb has a 39% higher education rate. The unemployment rate in Dekalb is 9.5%.
60% of Dekalb households are renters.
40.5% median household income spent on rent.
Bedrooms |
DeKalb County 1 |
Illinois 2 |
National 2 |
|---|---|---|---|
| Studio | $748 | $599 | $737 |
| 1 bedroom | $854 | $669 | $813 |
| 2 bedroom | $1,092 | $840 | $1,015 |
| 3 bedroom | $1,563 | $1,100 | $1,325 |
| 4 bedroom | $1,891 | $1,238 | $1,521 |
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