Manchester is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Manchester are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Manchester are slightly higher than the national average. Manchester 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 Manchester.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Manchester are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.63% - 5.87% |
| 7 Year Fixed | 5.34% - 5.58% |
| 10 Year Fixed | 5.28% - 5.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Manchester.
The city of Manchester in Hillsborough County has a population of 112,673. The median rent in Hillsborough County for a 2 bedroom is $1,396. The median Manchester resident is 36 years old with a yearly income of $31,866. The average family has 3.01 members and a median household income of $60,711. Manchester has a 30% higher education rate. The unemployment rate in Manchester is 4.9%.
56% of Manchester households are renters.
30.2% median household income spent on rent.
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 |
We're here to help.