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Multifamily Loans in
Merrimack, NH

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Merrimack, NH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Merrimack 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 Merrimack 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 Merrimack, NH

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


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


Merrimack Market

The city of Merrimack in Hillsborough County has a population of 25,987. The median rent in Hillsborough County for a 2 bedroom is $1,396. The median Merrimack resident is 43 years old with a yearly income of $45,020. The average family has 3.04 members and a median household income of $107,232. Merrimack has a 47% higher education rate. The unemployment rate in Merrimack is 3.8%.


Population
25,987 people

County
Hillsborough County

Renters

13.2% of Merrimack households are renters.


Rent Burden

38.3% 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

Merrimack Demographics


Median Individual Income
$45,020 / year

Median Household Income
$107,232 / year

Families w/ Dual Incomes
66%

Unemployment Rate
3.8%
Household Income Distribution
Merrimack, NH

Median Age
43 years

Avg Family Size
3.04 people
Age Distribution
Merrimack, NH

College Education or Above
47%

STEM College Graduates
46%
Education Distribution
Merrimack, NH
Source: U.S. Census Bureau

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