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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Nampa 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 | 7.18% - 7.42% |
| 7 Year Fixed | 6.72% - 6.96% |
| 10 Year Fixed | 6.78% - 7.02% |
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 Nampa.
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%.
35.9% of Nampa households are renters.
32.1% median household income spent on rent.
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 |
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