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Multifamily Loans in
Salem, NH

Overview

Salem is located in a good market for 5+ unit multifamily loans. Multifamily loans in Salem are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Salem are competitive. Salem apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Salem.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Salem, NH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Salem are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Salem 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 Salem, NH

All major multifamily lender types are lending in Salem.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


Salem Market

The city of Salem in Rockingham County has a population of 29,234. The median rent in Rockingham County for a 2 bedroom is $2,470. The median Salem resident is 44 years old with a yearly income of $40,683. The average family has 3.09 members and a median household income of $86,587. Salem has a 36% higher education rate. The unemployment rate in Salem is 3.9%.


Population
29,234 people

County
Rockingham County

Renters

21.9% of Salem households are renters.


Rent Burden

32.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Rockingham County 1
New Hampshire 2
National 2
Studio $1,842 $842 $737
1 bedroom $2,034 $959 $813
2 bedroom $2,470 $1,222 $1,015
3 bedroom $3,072 $1,597 $1,325
4 bedroom $3,349 $1,897 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Salem Demographics


Median Individual Income
$40,683 / year

Median Household Income
$86,587 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.9%
Household Income Distribution
Salem, NH

Median Age
44 years

Avg Family Size
3.09 people
Age Distribution
Salem, NH

College Education or Above
36%

STEM College Graduates
48%
Education Distribution
Salem, NH
Source: U.S. Census Bureau

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