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Multifamily Loans in
Nampa, ID

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Nampa, ID

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Nampa 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 Nampa 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 Nampa, ID

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


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


Nampa Market

The city of Nampa in Canyon County has a population of 99,277. The median rent in Canyon County for a 2 bedroom is $1,054. The median Nampa resident is 32 years old with a yearly income of $24,609. The average family has 3.49 members and a median household income of $48,846. Nampa has a 19% higher education rate. The unemployment rate in Nampa is 5.6%.


Population
99,277 people

County
Canyon County

Renters

35.9% of Nampa households are renters.


Rent Burden

32.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Canyon County 1
Idaho 2
National 2
Studio $718 $622 $737
1 bedroom $842 $673 $813
2 bedroom $1,054 $863 $1,015
3 bedroom $1,494 $1,204 $1,325
4 bedroom $1,732 $1,409 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Nampa Demographics


Median Individual Income
$24,609 / year

Median Household Income
$48,846 / year

Families w/ Dual Incomes
55%

Unemployment Rate
5.6%
Household Income Distribution
Nampa, ID

Median Age
32 years

Avg Family Size
3.49 people
Age Distribution
Nampa, ID

College Education or Above
19%

STEM College Graduates
41%
Education Distribution
Nampa, ID
Source: U.S. Census Bureau

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