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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Nashua 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 Nashua.
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%.
45.2% of Nashua households are renters.
31.4% 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 |
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