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Multifamily Loans in
Dalton, GA

Overview

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.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Dalton, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dalton are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.68% - 3.92%
7 Year Fixed 3.57% - 3.81%
10 Year Fixed 3.68% - 3.92%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Dalton may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

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Multifamily Lenders in Dalton, GA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Dalton.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 04, 2021


Dalton Market

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%.


Population
33,665 people

County
Whitfield County

Renters

56.4% of Dalton households are renters.


Rent Burden

23.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Dalton Demographics


Median Individual Income
$25,113 / year

Median Household Income
$44,696 / year

Families w/ Dual Incomes
53%

Unemployment Rate
5.2%
Household Income Distribution
Dalton, GA

Median Age
33 years

Avg Family Size
3.54 people
Age Distribution
Dalton, GA

College Education or Above
20%

STEM College Graduates
35%
Education Distribution
Dalton, GA
Source: U.S. Census Bureau

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