Loading...

Multifamily Loans in
Manchester, NH

Overview

Manchester is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Manchester are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Manchester are slightly higher than the national average. Manchester 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 Manchester.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Manchester, NH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Manchester 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 3.61% - 3.85%
7 Year Fixed 3.44% - 3.68%
10 Year Fixed 3.66% - 3.90%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Manchester 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 04, 2021


Multifamily Lenders in Manchester, NH

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


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


Manchester Market

The city of Manchester in Hillsborough County has a population of 112,673. The median rent in Hillsborough County for a 2 bedroom is $1,396. The median Manchester resident is 36 years old with a yearly income of $31,866. The average family has 3.01 members and a median household income of $60,711. Manchester has a 30% higher education rate. The unemployment rate in Manchester is 4.9%.


Population
112,673 people

County
Hillsborough County

Renters

56% of Manchester households are renters.


Rent Burden

30.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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

Manchester Demographics


Median Individual Income
$31,866 / year

Median Household Income
$60,711 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.9%
Household Income Distribution
Manchester, NH

Median Age
36 years

Avg Family Size
3.01 people
Age Distribution
Manchester, NH

College Education or Above
30%

STEM College Graduates
42%
Education Distribution
Manchester, NH
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day