Derry is located in a good market for 5+ unit multifamily loans. Multifamily loans in Derry are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Derry are competitive. Derry 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 Derry.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Derry are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.23% - 6.97% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.21% - 6.61% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.44% - 5.68% |
| 7 Year Fixed | 5.23% - 5.47% |
| 10 Year Fixed | 5.14% - 5.38% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.03% - 6.77% |
| 7 Year Fixed | 6.00% - 6.51% |
| 10 Year Fixed | 6.01% - 6.41% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Derry.
The city of Derry in Rockingham County has a population of 33,448. The median rent in Rockingham County for a 2 bedroom is $2,470. The median Derry resident is 40 years old with a yearly income of $36,767. The average family has 3.04 members and a median household income of $76,536. Derry has a 29% higher education rate. The unemployment rate in Derry is 5.6%.
34.9% of Derry households are renters.
29.6% median household income spent on rent.
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 |
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