Dubuque is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Dubuque are considered greater risk due to market dynamics. Interest rates for multifamily loans in Dubuque are higher than the national average. Dubuque 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 Dubuque.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dubuque 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 | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 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 Dubuque.
The city of Dubuque in Dubuque County has a population of 57,882. The median rent in Dubuque County for a 2 bedroom is $860. The median Dubuque resident is 37 years old with a yearly income of $27,820. The average family has 2.95 members and a median household income of $54,234. Dubuque has a 31% higher education rate. The unemployment rate in Dubuque is 4.7%.
35.8% of Dubuque households are renters.
29.4% median household income spent on rent.
Bedrooms |
Dubuque County 1 |
Iowa 2 |
National 2 |
|---|---|---|---|
| Studio | $567 | $558 | $737 |
| 1 bedroom | $653 | $613 | $813 |
| 2 bedroom | $860 | $785 | $1,015 |
| 3 bedroom | $1,136 | $1,038 | $1,325 |
| 4 bedroom | $1,468 | $1,151 | $1,521 |
We're here to help.