Bedford is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Bedford are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Bedford are slightly higher than the national average. Bedford apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Bedford.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bedford are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.28% - 7.52% |
| 7 Year Fixed | 6.89% - 7.13% |
| 10 Year Fixed | 6.88% - 7.12% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bedford.
The city of Bedford in Hillsborough County has a population of 22,535. The median rent in Hillsborough County for a 2 bedroom is $1,396. The median Bedford resident is 44 years old with a yearly income of $51,148. The average family has 3.11 members and a median household income of $135,021. Bedford has a 63% higher education rate. The unemployment rate in Bedford is 3.5%.
14.3% of Bedford households are renters.
34% median household income spent on rent.
Bedrooms |
Hillsborough County 1 |
New Hampshire 2 |
National 2 |
|---|---|---|---|
| Studio | $952 | $842 | $737 |
| 1 bedroom | $1,103 | $959 | $813 |
| 2 bedroom | $1,396 | $1,222 | $1,015 |
| 3 bedroom | $1,736 | $1,597 | $1,325 |
| 4 bedroom | $1,893 | $1,897 | $1,521 |
We're here to help.