Dover is located in a good market for 5+ unit multifamily loans. Multifamily loans in Dover are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Dover are competitive. Dover 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 Dover.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dover are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.23% - 6.97% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.21% - 6.61% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.44% - 5.68% |
| 7 Year Fixed | 5.23% - 5.47% |
| 10 Year Fixed | 5.14% - 5.38% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.03% - 6.77% |
| 7 Year Fixed | 6.00% - 6.51% |
| 10 Year Fixed | 6.01% - 6.41% |
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 Dover.
The city of Dover in Strafford County has a population of 32,191. The median rent in Strafford County for a 2 bedroom is $1,419. The median Dover resident is 36 years old with a yearly income of $37,072. The average family has 2.89 members and a median household income of $71,631. Dover has a 47% higher education rate. The unemployment rate in Dover is 3.3%.
48.5% of Dover households are renters.
27.6% median household income spent on rent.
Bedrooms |
Strafford County 1 |
New Hampshire 2 |
National 2 |
|---|---|---|---|
| Studio | $1,033 | $842 | $737 |
| 1 bedroom | $1,102 | $959 | $813 |
| 2 bedroom | $1,419 | $1,222 | $1,015 |
| 3 bedroom | $1,924 | $1,597 | $1,325 |
| 4 bedroom | $2,375 | $1,897 | $1,521 |
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