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Multifamily Loans in
Dubuque, IA

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Dubuque, IA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dubuque 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
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 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Dubuque 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 08, 2021


Multifamily Lenders in Dubuque, IA

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


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 08, 2021


Dubuque Market

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%.


Population
57,882 people

County
Dubuque County

Renters

35.8% of Dubuque households are renters.


Rent Burden

29.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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

Dubuque Demographics


Median Individual Income
$27,820 / year

Median Household Income
$54,234 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.7%
Household Income Distribution
Dubuque, IA

Median Age
37 years

Avg Family Size
2.95 people
Age Distribution
Dubuque, IA

College Education or Above
31%

STEM College Graduates
36%
Education Distribution
Dubuque, IA
Source: U.S. Census Bureau

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