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New Hampshire Mortgage and Refinance Rates
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The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products. Bankrate does not endorse or recommend any companies. Zach Wichter is a former mortgage reporter at Bankrate. He previously worked on the Business desk at The New York Times where he won a Loeb Award for breaking news, and covered aviation for The Points Guy. As of Sunday, November 13, 2022, current rates in New Hampshire are 6.89% for a 30-year fixed and 6.16% for a 15-year fixed. Bankrate has offers for New Hampshire mortgage and refinances from top partners that are well below the national average. Compare, apply, and start saving today. At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . ON THIS PAGE Important information about our rate table The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser. Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership. If you are seeking a loan for more than $548,250, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount. The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included. If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please to provide your comments to Bankrate Quality Control. New Hampshire mortgage overview
The homeownership rate in New Hampshire is about 71 percent, according to Census estimates, and median home sale prices have been steadily creeping upward in recent years, the New Hampshire Housing Finance Authority reports. Mortgages in New Hampshire are offered by private lenders as well as the state's housing authority, which runs a variety of programs designed to make homeownership more accessible. First-time homebuyer programs in New Hampshire
The New Hampshire Housing Finance Authority has assisted more than 47,000 families with buying a home over the years. Specific programs offered by the agency that can be helpful to first-time homebuyers include ; closing cost assistance; a homebuyer tax credit and discounted mortgage insurance. The household income limit for most of the agency's programs is $135,300. Home Flex Plus Program
The offers as much as 3 percent cash assistance, which can be used for either a down payment or closing costs. The money is provided via a second mortgage that's completely forgiven after four years of living in the property, unless you sell, refinance or file for bankruptcy. In any of those scenarios, the loan must be repaid. Applicants must complete homebuyer education to qualify, and the $135,300 income limit applies. Home Preferred Plus Program
Similar to the Home Flex Plus program, Home Preferred Plus provides cash assistance of up to 3 percent of your mortgage loan amount. The money can be used to cover either the down payment or closing costs. Here too, funding is provided through a second mortgage that's completely forgiven if you live in the property for four years. Should you sell the home, refinance or file for bankruptcy, the cash must be repaid. Home Preferred Plus is designed for borrowers whose incomes are as much as 80 percent of area median income (AMI). Home Start Homebuyer Tax Credit
Specifically created to make homeownership more affordable for first-time buyers, the , a mortgage credit certificate (MCC), allows borrowers to claim a federal tax credit for a portion of the mortgage interest paid each year, up to a maximum of $2,000. The credit is available for the life of the original mortgage as long as you live in the home. In order to qualify, buyers must have New Hampshire Housing financing and must not have owned a home in the past three years or be purchasing a home in a targeted area. In addition, participants are required to complete a homebuyer education course. Purchase Rehab Mortgage
If that first home you're eyeing happens to be a fixer-upper property, New Hampshire Housing's Purchase Rehab program will provide as much as $35,000 to assist with repairs and upgrades. The program can be combined with the Home Flex Plus mortgage, with the rehab money added to the mortgage and a requirement of as little as 3.5 percent down on the property. The funds can be used to pay for such things as cosmetic repairs, energy-efficiency improvements and safety improvements, but not structural upgrades. Like many of the agency's other programs, the borrower's household income must be $135,300 or less. Home Preferred Program
For first-time homebuyers or current homeowners seeking to keep their monthly mortgage costs to a minimum and/or refinancing, the low mortgage insurance option, Home Preferred, may be an option. The program provides 97 percent mortgage financing with discounted mortgage insurance. Eligibility is limited to those whose incomes are no higher than 80 percent of the area median income (AMI). New Hampshire mortgage refinancing
The New Hampshire Housing Finance Authority offers a for homeowners who have an FHA, USDA or VA loan and limited home equity or who may be seeking low insurance costs. The agency's Home Flex refinancing program features low interest rates, and in some circumstances, also waives the home appraisal requirements that are typically part of the refinance process. The program is limited to owner-occupied homes, and the property being refinanced must be your primary residence. When you're ready to refinance your mortgage in New Hampshire, remember there's no requirement to use the lender who provided the original loan. In fact, it's a good idea to shop around, do your research and be sure you're getting the and most favorable mortgage terms. New Hampshire mortgage resources