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Multifamily Loans in
Dolton, IL

Overview

Dolton is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Dolton are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Dolton are some of the lowest nationally. Dolton 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 Dolton.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Dolton, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dolton 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 $7.5M
5 Year Fixed 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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®
$7.5M to $100M
5 Year Fixed 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Dolton 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.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Lenders in Dolton, IL

All major multifamily lender types are lending in Dolton.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 02, 2021


Dolton Market

The city of Dolton in Cook County has a population of 22,348. The median rent in Cook County for a 2 bedroom is $1,417. The median Dolton resident is 37 years old with a yearly income of $24,137. The average family has 3.47 members and a median household income of $46,614. Dolton has a 19% higher education rate. The unemployment rate in Dolton is 17.6%.


Population
22,348 people

County
Cook County

Renters

34.3% of Dolton households are renters.


Rent Burden

50.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cook County 1
Illinois 2
National 2
Studio $1,104 $599 $737
1 bedroom $1,224 $669 $813
2 bedroom $1,417 $840 $1,015
3 bedroom $1,799 $1,100 $1,325
4 bedroom $2,147 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Dolton Demographics


Median Individual Income
$24,137 / year

Median Household Income
$46,614 / year

Families w/ Dual Incomes
40%

Unemployment Rate
17.6%
Household Income Distribution
Dolton, IL

Median Age
37 years

Avg Family Size
3.47 people
Age Distribution
Dolton, IL

College Education or Above
19%

STEM College Graduates
41%
Education Distribution
Dolton, IL
Source: U.S. Census Bureau

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