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Multifamily Loans in
Nashua, NH

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Nashua, NH

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

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


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


Nashua Market

The city of Nashua in Hillsborough County has a population of 89,355. The median rent in Hillsborough County for a 2 bedroom is $1,396. The median Nashua resident is 40 years old with a yearly income of $36,090. The average family has 3.01 members and a median household income of $74,995. Nashua has a 36% higher education rate. The unemployment rate in Nashua is 4.4%.


Population
89,355 people

County
Hillsborough County

Renters

45.2% of Nashua households are renters.


Rent Burden

31.4% 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

Nashua Demographics


Median Individual Income
$36,090 / year

Median Household Income
$74,995 / year

Families w/ Dual Incomes
59%

Unemployment Rate
4.4%
Household Income Distribution
Nashua, NH

Median Age
40 years

Avg Family Size
3.01 people
Age Distribution
Nashua, NH

College Education or Above
36%

STEM College Graduates
52%
Education Distribution
Nashua, NH
Source: U.S. Census Bureau

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