Delaware Apartment Loan Rates
Select Commercial offers some of the most competitive Delaware apartment loan rates available, with 5, 7, and 10-year fixed-rate options starting as low as 5.77% as of May 16, 2026. As one of the most experienced apartment lenders in Delaware, we arrange apartment building loans and apartment building financing for properties valued between $1.5 million and $6 million, with up to 80% LTV, 30-year amortizations, and no upfront fees. For loans over $6 million, see our Delaware multifamily loan options.
| DE Apartment Loan Rates Less Than $6 Million | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Apartment Loan 5 Yr Fixed | 5.77% | Up to 80% | |
| Apartment Loan 7 Yr Fixed | 5.80% | Up to 80% | |
| Apartment Loan 10 Yr Fixed | 5.84% | Up to 80% | |
*Rates start as low as the rates stated here. Your rate, LTV, and amortization will be determined by underwriting.
Delaware apartment loan rates are priced based on the U.S. Treasury yield curve. As of May 16, 2026, the 10-year Treasury yield is 4.595% and the 5-year Treasury yield is 4.258%, which directly influences current pricing on apartment building loans in Delaware.
Want a personalized quote? Click here to request a customized loan quote for your Delaware apartment property.
Why Select Commercial Offers Competitive Delaware Apartment Loan Rates
When investors search for the best apartment loan rates in Delaware, Select Commercial consistently delivers some of the most competitive pricing available for properties under $6 million. We work directly with Fannie Mae Small Loan, Freddie Mac SBL, CMBS conduits, life insurance companies, banks, and credit unions, which means borrowers gain access to a wide network of apartment lenders in Delaware rather than the rates of a single bank. This multi-source approach allows us to consistently match borrowers with the lowest available rate and best terms for their specific apartment property.
Our Delaware apartment building financing programs include 5, 7, and 10-year fixed-rate options, up to 80% LTV, 30-year amortizations, non-recourse availability, and no upfront fees. Whether you are acquiring, refinancing, or pulling cash out of a stabilized apartment property valued between $1.5 million and $6 million, our team structures apartment building loans tailored to your investment goals.
Need a multifamily loan over $6 million? Visit our Delaware multifamily loan page. For other commercial property types, explore our Delaware commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
2026 Delaware Apartment Loan Market Overview
Entering 2026, Delaware operates as part of a broader Mid-Atlantic apartment ecosystem rather than a standalone primary metro market. For borrowers evaluating Delaware apartment loans, the state benefits from proximity to Philadelphia, Baltimore, and Washington, D.C., while maintaining a more moderate rent structure and lower development intensity. That positioning continues to support apartment building financing tied to stable renter demand and regional employment access, and Select Commercial arranges apartment building loans across Wilmington, Dover, Newark, and the broader Delaware market for properties valued between $1.5 million and $6 million.
Philadelphia Metro Provides the Regional Reference Point for Delaware
Because Delaware does not host a major standalone metro of its own, the Philadelphia metro provides the closest reference point for statewide apartment trends. In 2026, Philadelphia is projected to add about 7,500 jobs, deliver roughly 8,000 units, post vacancy near 4.5%, and reach average effective rent around $1,850 per month. For borrowers seeking an apartment building loan, this provides a regional benchmark for supply, demand, and rent levels influencing Delaware, which is reflected in how apartment lenders in Delaware approach the broader market.
Moderate Construction Helps Support Existing Inventory
Compared with many high-growth markets, the Mid-Atlantic region continues to see more measured development activity. That helps limit supply pressure for Delaware apartment properties and supports more stable occupancy trends for apartment lenders evaluating Delaware apartment building financing opportunities.
Rent Levels Reflect Regional Affordability Positioning
Delaware typically offers more moderate rent levels compared with major Northeast markets while still benefiting from strong regional demand drivers. Using Philadelphia as a benchmark, average effective rent near $1,850 per month provides a reasonable reference point for apartment building financing assumptions in the broader region.
Stable Demand Supported by Regional Employment Access
Delaware's location along the Northeast corridor supports steady renter demand tied to employment centers in Pennsylvania, Maryland, and New Jersey. For borrowers using Delaware apartment loans, that regional connectivity continues to support long-term apartment performance even without a major in-state metro anchor.
2026 Delaware Apartment Market at a Glance
- Employment: Philadelphia metro is projected to add about 7,500 jobs in 2026
- Construction: Approximately 8,000 units are expected to deliver across the Philadelphia metro
- Vacancy: Statewide Delaware vacancy near 3.8%, among the lowest in the Northeast
- Rent: Wilmington at $1,683/month, Dover at $1,566/month, Newark at $1,663/month
- Renter base: Renter-occupied households make up 54% in Wilmington, 52% in Dover, and 48% in Newark
- Loan size focus: Properties valued between $1.5 million and $6 million across all three Delaware cities
For investors comparing Delaware apartment loans in 2026, the state reflects a regionally supported market rather than a standalone growth story. The Philadelphia metro provides the primary reference point, while Delaware itself offers a more moderate pricing structure and one of the tightest statewide vacancy profiles in the Northeast. Together, Wilmington, Dover, and Newark give Select Commercial multiple reference points for structuring apartment building financing across the state.
Wilmington Delaware Apartment Market Snapshot, 2026
City population: approximately 72,167
Median household income: ~$58,671
Renter-occupied households: 17,325 (54% of occupied housing)
Statewide Delaware vacancy: ~3.8% (among the tightest in the Northeast)
Philadelphia-Wilmington-Camden metro vacancy: ~6.3% (2024)
Average apartment rent: $1,683 per month (February 2026, +1.72% YoY)
Pre-1939 rental stock: ~35% of inventory
Median home value: ~$326,763 (early 2026, up 3.0% YoY)
Wilmington is Delaware's largest city and the primary driver of apartment loans in Delaware. The city serves as a significant regional financial and legal employment center, with major banks, credit card companies, and corporate headquarters creating a stable professional renter base. For sponsors evaluating Wilmington apartment loans, the combination of Delaware's structurally tight 3.8% statewide vacancy, a renter majority of 54%, and lower acquisition costs relative to Philadelphia creates a practical and predictable underwriting environment.
What Drives the Wilmington Delaware Apartment Market
Wilmington benefits from its position within the Philadelphia-Camden-Wilmington metro corridor and its role as Delaware's primary employment center for financial services, healthcare, and legal industries. The city's renter majority of 54% reflects a structurally renter-oriented housing market driven by affordability dynamics and a young professional demographic. Renters in the 25 to 34 age group make up the largest share of Wilmington's renter pool at 28%, followed by the 35 to 44 age group at 19%. Approximately 35% of Wilmington's rental housing stock was built before 1939, creating significant value-add and repositioning opportunities for investors. These characteristics continue to attract apartment lenders in Delaware evaluating workforce housing opportunities in the state's largest city.
Wilmington Delaware Apartment Rent Levels and Pricing in 2026
As of February 9, 2026, the average apartment rent in Wilmington is $1,683 per month, up 1.72% from $1,655 the prior year. By unit type: studios average $1,486/month, one-bedrooms average $1,596/month, two-bedrooms average $1,732/month, and three-bedrooms average $2,152/month. Approximately 45% of all Wilmington rentals are priced between $1,501 and $2,000 per month. The Downtown Wilmington submarket commands the highest rents in the city at approximately $2,483/month for one-bedroom units. These rent levels support practical underwriting for apartment loans in Delaware where stable occupancy and lower acquisition costs relative to the broader mid-Atlantic market drive the return profile.
Wilmington Apartment Supply, Demand, and Vacancy in 2026
Delaware's statewide rental vacancy rate stood at approximately 3.8% in 2024, one of the lowest among all states in the Northeast and a strong indicator of structural undersupply across the market. One-bedroom units make up the largest share of the Wilmington rental inventory at approximately 32% of all units, with two-bedroom units close behind at approximately 45% of the market based on available listings. The city's aging housing stock, with approximately 60% of rentals built before 1960, points to ongoing demand for updated product across price tiers. For borrowers pursuing apartment building financing in Delaware, Wilmington's tight statewide vacancy, rising rents, and large workforce renter base support a constructive underwriting environment on stabilized assets.
Apartment Loan Financing in Wilmington Delaware
Select Commercial arranges Wilmington Delaware apartment loans for properties valued between $1.5 million and $6 million, with programs including Fannie Mae Small Loan, Freddie Mac SBL, CMBS conduit loans, life insurance company capital, and bank financing. Wilmington's combination of structurally tight statewide vacancy, a 54% renter majority, and an aging housing stock creates a constructive environment for apartment building loans on stabilized and value-add workforce assets. Investors targeting Class B properties and pre-war repositioning opportunities typically find competitive 5, 7, and 10-year fixed-rate options paired with up to 80% LTV, with non-recourse availability on agency programs.
Where Wilmington Apartment Investors Are Focused
Investors pursuing apartment loans in Wilmington in 2026 are focused on workforce housing, value-add repositioning of the city's large pre-1939 and mid-century housing stock, and stabilized assets near the Riverfront and Downtown corridors where professional renter demand is strongest. Lower acquisition costs relative to Philadelphia create favorable entry-point economics for investors willing to operate in a secondary market. For apartment lenders in Delaware evaluating the state, Wilmington's position as the state's largest city, its tight statewide vacancy profile, and its steady rent growth trend support long-term performance for apartment building loans across the metro.
Dover Delaware Apartment Market Snapshot, 2026
City population: approximately 40,583 (growing ~0.49% annually)
Median household income: ~$60,199 (2024)
Renter-occupied households: 7,811 (52% of occupied housing)
Multifamily vacancy: ~4.7% (Q3 2024)
Average apartment rent: $1,566 per month (February 2026, +0.89% YoY)
Median home value: ~$258,900 (2024)
Economic anchors: state government, Dover Air Force Base, Delaware State University
Dover is Delaware's capital city and an important supporting market for apartment loans in Delaware. The city benefits from three distinct stable employment anchors — state government, Dover Air Force Base, and Delaware State University — that produce a diverse and consistent renter pipeline. For sponsors evaluating Dover apartment loans, the combination of capital-city employment stability, military-driven demand, and the most affordable acquisition basis among Delaware's primary cities creates a predictable and conservative underwriting profile.
What Drives the Dover Delaware Apartment Market
Dover contributes to the statewide apartment market by combining Delaware's capital city employment base with a large military renter population from Dover Air Force Base and a university-driven renter pool from Delaware State University. Renters in the 25 to 34 age group make up the largest share of Dover's renter pool at 24%, followed by the 35 to 44 age group at 20%, reflecting a mix of young professionals, military families, and government employees. Approximately 45% of all Dover rentals are family households, and 31% of rental homes include children under 18, supporting longer-term tenancies and stable occupancy. These characteristics make Dover a relevant market for apartment lenders in Delaware seeking diversified exposure across the state beyond Wilmington.
Dover Delaware Apartment Rent Levels and Pricing in 2026
As of February 9, 2026, the average apartment rent in Dover is $1,566 per month, up 0.89% from $1,552 the prior year. By unit type: studios average $1,184/month, one-bedrooms average $1,390/month, two-bedrooms average $1,595/month, and three-bedrooms average $1,788/month. Approximately 56% of all Dover rentals are priced between $1,501 and $2,000 per month, reflecting a predominantly workforce-oriented rental base. Two-bedroom units make up the largest share of the rental inventory at approximately 46% of all units. These rent levels support practical underwriting for apartment loans in Delaware where consistent occupancy and lower acquisition costs drive the return profile.
Dover Apartment Supply, Demand, and Vacancy in 2026
Dover's multifamily rental vacancy rate stood at approximately 4.7% as of Q3 2024, reflecting a market that absorbed new supply efficiently relative to its modest pipeline. Delaware's statewide vacancy rate of approximately 3.8% in 2024 was among the lowest in the Northeast, providing a favorable backdrop for Delaware apartment building financing across the state. Dover's rental stock skews toward newer construction compared with Wilmington, with approximately 19% of units built between 2000 and 2009 and 17% between 1980 and 1989, offering investors a mix of stabilized and value-add opportunities across different vintage tiers.
Apartment Loan Financing in Dover Delaware
Select Commercial provides Dover Delaware apartment loans for properties valued between $1.5 million and $6 million, with programs including Fannie Mae Small Loan, Freddie Mac SBL, CMBS conduit loans, life insurance company capital, and bank financing. Dover's capital-city employment anchor, Dover Air Force Base demand, and Delaware State University renter pipeline make it well suited to long-term fixed-rate apartment building loans on stabilized workforce and family-oriented assets. Sponsors here typically pursue conservative leverage with 5, 7, and 10-year fixed-rate options and up to 80% LTV, structuring around durable institutional employment demand rather than aggressive rent growth.
Where Dover Apartment Investors Are Focused
Investors using apartment loans in Dover in 2026 are focused on stable workforce housing, smaller-scale apartment communities anchored by military and government tenant demand, and long-term hold strategies supported by the city's consistent employment base. Dover Air Force Base and Delaware State University provide two distinct renter pipelines that help insulate occupancy from broader economic cycles. For apartment lenders in Delaware evaluating the state beyond Wilmington, Dover offers a distinct demand profile rooted in institutional employment, family household formation, and a steady population growth rate that supports long-term performance for apartment building loans throughout the capital region.
Newark Delaware Apartment Market Snapshot, 2026
City population: approximately 30,460
Median age: 22.1 years (driven by University of Delaware enrollment)
Median household income: ~$76,912 (2024)
Median property value: ~$382,500 (2024)
Renter-occupied households: 4,402 (48% of occupied housing)
Average apartment rent: $1,663 per month (January 2026)
Year-over-year rent growth: +4.2% (April 2026, one of the strongest among Delaware markets)
University of Delaware degrees awarded (2023): ~6,485
Newark is Delaware's third-largest city and an important university-anchored market for apartment loans in Delaware. The city is uniquely defined by the University of Delaware, which produces a continuous renter pipeline through its 6,485 annual degree awards. For sponsors evaluating Newark apartment loans, the combination of 4.2% year-over-year rent growth (one of the strongest in the state), a 38% concentration of 15-to-24-year-old renters, and proximity to both Wilmington and Philadelphia creates a distinctly active appreciation-driven underwriting profile.
What Drives the Newark Delaware Apartment Market
Newark's rental market is uniquely defined by its university demographic, with renters in the 15 to 24 age group making up the largest share of the renter pool at 38%, followed by the 25 to 34 age group at 27%. This young renter concentration creates high annual turnover that keeps vacancy periods short and supports consistent leasing activity throughout the academic cycle. Approximately 37% of Newark renters hold bachelor's degrees or higher, reflecting a highly educated tenant base typical of university markets. Rents are rising at approximately 4.2% year-over-year as of April 2026, making Newark one of the more actively appreciating markets for apartment lenders in Delaware evaluating the state.
Newark Delaware Apartment Rent Levels and Pricing in 2026
As of January 17, 2026, the average apartment rent in Newark is $1,663 per month. By unit type: studios average $1,217/month, one-bedrooms average $1,442/month, two-bedrooms average $1,698/month, and three-bedrooms average $2,065/month. Approximately 48% of all Newark rentals are priced between $1,501 and $2,000 per month. Current market listings show one-bedroom units averaging approximately $1,459/month, reflecting a 2.2% annual increase. These rent levels support practical underwriting for apartment loans in Delaware where consistent student and young professional demand drives stable occupancy across unit types.
Newark Apartment Supply, Demand, and Vacancy in 2026
Newark's rental supply is relatively diverse across vintage years, with approximately 17% of units built between 1990 and 1999, 16% between 1970 and 1979, and 15% between 2010 and 2019, providing a mix of stabilized and value-add opportunities across price tiers. Delaware's statewide vacancy rate of approximately 3.8% in 2024, among the lowest in the Northeast, provides a supportive backdrop for Delaware apartment building financing across all three of the state's primary cities. Two-bedroom units make up the largest share of the Newark rental inventory at approximately 34% of all units, reflecting both student household formations and young professional demand.
Apartment Loan Financing in Newark Delaware
Select Commercial structures Newark Delaware apartment loans for properties valued between $1.5 million and $6 million, with programs including Fannie Mae Small Loan, Freddie Mac SBL, CMBS conduit loans, life insurance company capital, and bank financing. Newark's university-driven demand, 4.2% year-over-year rent growth, and proximity to both Wilmington and Philadelphia make it well suited to long-term fixed-rate apartment building financing on stabilized student-oriented and young-professional rental assets. Sponsors here typically structure around the consistent academic-cycle leasing activity and rising rent trajectory, with 5, 7, and 10-year fixed-rate options and up to 80% LTV providing the leverage that fits the market's appreciation profile.
Where Newark Apartment Investors Are Focused
Investors pursuing apartment loans in Newark in 2026 are focused on student-oriented properties near the University of Delaware campus, smaller apartment assets with high annual turnover, and long-term holds tied to consistent university-driven demand that is largely insulated from broader economic cycles. Rising rents of approximately 4.2% year-over-year as of April 2026 signal improving fundamentals for new acquisitions. For apartment lenders in Delaware evaluating the state's three primary markets, Newark offers a distinct university-anchored demand profile, a persistently young renter demographic, and steady rent appreciation that supports long-term performance for apartment building loans in the city.
Why Choose Select Commercial for Apartment Loans
What sets Select Commercial apart from traditional lenders and large banks? In this short video, we highlight the key reasons apartment building investors choose to work with us for Delaware apartment loans between $1.5 million and $6 million. We also actively finance multifamily loans exceeding $6 million.
Here's what the video touches on:
- No upfront application or processing fees
- Fast written pre-approvals often within 24 hours
- Access to a wide range of apartment lenders, not just one bank
- Loan structures tailored to your property and investment goals
Apartment Property Types We Finance in Delaware
At Select Commercial, we arrange financing for a wide range of Delaware apartment buildings, from smaller 5+ unit walkups to large portfolios of rental properties. Whether your property is urban, suburban, or mixed-use, we can help you secure the right loan structure based on your investment goals.
- Urban mid-rise and high-rise apartment buildings
- Suburban garden-style apartment complexes
- Small apartment buildings with 5+ units
- Mixed-use properties with residential and limited commercial space
- Underlying co-op apartment building loans
- Portfolios of small apartment or single-family rental properties
- Stabilized buildings with strong cash flow and rent history
If you're not sure whether your property qualifies, contact us for a free quote and we'll review your deal and let you know within 24 hours.
Recent Apartment Loan Closings
Why Delaware Borrowers Choose Select Commercial
Thousands of apartment building investors trust Select Commercial for our direct, transparent approach and proven expertise in the Delaware apartment loan market. We're not just brokers, we provide personalized service, fast answers, and access to top institutional lenders without the bureaucracy of traditional banks.
- Over 30 years of apartment loan experience with a national platform
- No upfront fees and fast pre-approvals, often within 24 hours
- Direct access to top lenders offering aggressive terms
- Dedicated support from quote to closing
Want to see why so many clients return to us for their next deal? Start with a free quote – we'll review your scenario and respond quickly.
Our Reviews
Latest Expert Insights from Stephen A. Sobin
Stephen A. Sobin, the president of Select Commercial Funding LLC, is a renowned expert in the field of multifamily financing. His insights and perspectives are regularly sought by leading industry publications. Here are his latest contributions that highlight his deep understanding of the multifamily financing landscape and his commitment to providing clear, insightful analysis on key industry issues.
Navigating Opportunity, Risk as 2025 Winds Down
In an article for Commercial Property Executive titled "Navigating Opportunity, Risk as 2025 Winds Down", Sobin explains as we head into the final stretch of 2025, the commercial real estate industry stands at a pivotal moment. After several years of upheaval—from pandemic disruptions to aggressive Federal Reserve rate hikes and lasting shifts in how people live and work—the sector is entering a new phase.
Why Lower Rates Haven't Fixed Commercial Real Estate
In an article for Wealth Management titled "Why Lower Rates Haven't Fixed Commercial Real Estate", Sobin explains that even as the Federal Reserve has begun cutting rates and borrowing costs should be falling, the commercial real estate sector remains locked in a frustrating stalemate. For high-net-worth investors trying to time the market, he emphasizes that understanding this disconnect requires looking beyond the headlines.
Why the Fed Rate Cut’s a Game Changer for CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that after months of speculation and market anticipation, the Federal Reserve finally pulled the trigger last week, cutting the federal funds rate by 25 basis points to 4.00 to 4.25 percent. read the full article.
Inflation's Current Impact on Apartment
In an article featured in Multi-Housing News, Sobin explains how commercial mortgage rates continue to challenge investors, with elevated inflation depressing real estate market activity. Read the full article.
Will the July Jobs Report Pressure the Fed to Act?
Sobin noted in Multi-Housing News that unemployment hit a three-year high and job creation slowed significantly, factors that could push the Fed to reconsider future rate hikes. Read the full article.
Persistent Inflation and Its Effects on CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that while inflation is still a challenge for the Federal Reserve, there are many positive signs for the commercial real estate industry. The headline Consumer Price Index rose 3.2 percent for the year ended Feb. 29, a figure 20 basis points lower than the Dec. 31, 2023, rate. read the full article.
Commercial Spotlight: Mid-Atlantic Region In this four-state powerhouse, smaller metros are thriving.
In a feature in Scotsman Guide, the Mid-Atlantic Region's real estate dynamics are explored, highlighting its resilience and growth amidst the pandemic.
Stephen Sobin of Select Commercial Funding LLC shared insights on the New York market's allure and the challenges buyers face. He noted the shift from primary urban areas to tertiary markets due to evolving preferences and financial conditions. For a deeper dive into Sobin's analysis, read the full article.
What the New Jobs Report Means for CRE
In an article titled "What the New Jobs Report Means for CRE" in Commercial Property Executive, Stephen Sobin shared his perspective on the latest jobs report and its implications for the Commercial Real Estate (CRE) sector. He highlighted the challenges posed by high interest rates and the prevailing uncertainty in the market. Sobin remarked, "Sellers aren’t selling, buyers aren’t buying... Everyone is waiting because no one knows what to expect." For a detailed analysis and more of Sobin's insights, read the full article.
Decoding "Junk Fees" in Rental Housing
In another latest contribution to Multi-Housing News, Sobin provided expert commentary in an article titled "What's Next for Junk Fees? The Industry Weighs In". He clarified the difference between legitimate fees collected for various third-party services and so-called "junk fees". Sobin emphasized the importance of borrowers understanding their rights in negotiating all loan terms and the obligation of lenders to disclose all fees.
Understanding the Impact of Federal Reserve's Decisions
In a recent article titled "How the Fed's Pause on Interest Rates Impacts Multifamily" published by Multi-Housing News, Sobin shared his expert insights on the Federal Reserve's decision to pause interest rate hikes. He accurately predicted that the Fed would not raise rates in June, citing recent bank failures and lingering concerns about a potential recession.
Stay tuned for more expert insights from Stephen A. Sobin on the evolving multifamily financing landscape.
Frequently Asked Questions About Delaware Apartment Loans
As of May 16, 2026, Select Commercial offers Delaware apartment loan rates starting as low as 5.77% on 5, 7, and 10-year fixed-rate options for apartment properties valued between $1.5 million and $6 million. Final rates depend on loan-to-value ratio (LTV), debt service coverage ratio (DSCR), borrower credit and experience, and current market conditions. View the full Delaware apartment loan rate table above for current pricing across loan terms.
Most lenders require a debt service coverage ratio (DSCR) of at least 1.25, good borrower credit, sufficient net worth and liquidity, and prior real estate ownership experience. Loan-to-value (LTV) ratios typically range from 65% to 80% depending on the loan program and current market conditions. Properties with strong occupancy and clean operating financials qualify for the most favorable Delaware apartment loan terms.
Most apartment lenders in Delaware require a 20% to 25% down payment. Your final loan-to-value ratio will be determined by the property's debt service coverage ratio (DSCR), occupancy, location, and overall financial performance.
A qualified broker like Select Commercial can present your loan to many different capital sources, including banks, credit unions, CMBS conduits, agency lenders (Fannie Mae and Freddie Mac), life insurance companies, and private funds. This multi-source approach increases the odds of approval and helps you secure the most favorable rates and terms available across the Delaware apartment lender market.
The process starts with gathering financials including a current rent roll, trailing 12-month income and expense statement, borrower resume, and a personal financial statement. A mortgage broker will analyze your documents and match you with the best lending program for your Delaware apartment property. Start with a Free Quote today.
Select Commercial is a leading provider of competitive Delaware apartment loan rates for properties valued between $1.5 million and $6 million. Through our access to Fannie Mae Small Loan, Freddie Mac SBL, CMBS, life insurance company, bank, and credit union capital, we consistently match borrowers with the lowest available rate and best terms for their specific apartment property. As of May 16, 2026, our Delaware apartment loan rates start as low as 5.77%.
Yes. While this page focuses on apartment loans under $6 million, Select Commercial also arranges larger balance loans for qualified borrowers. Visit our Delaware multifamily loan page for options over $6 million.
Agency Small Balance Apartment Loan Programs
Select Commercial connects borrowers with top-tier agency small balance loan programs in addition to bank and private capital options. Featured programs include:
- Fannie Mae® Small Loan Program – For apartment properties with 5+ units and loan sizes from $1 million to $6 million
- Freddie Mac® Small Balance Loan (SBL) Program – Streamlined financing solutions up to $6 million
- Loans Over $6 Million – Explore large-balance apartment loan programs in Delaware
These agency-backed options offer competitive fixed rates, non-recourse terms, and simplified underwriting for qualified apartment investors.
Delaware Apartment Building Financing
Select Commercial provides apartment building financing and Delaware commercial mortgages throughout the state of Delaware including but not limited to the areas below.