Wed. Jan 20th, 2021

Is there a move to granite state in your future? You will not be the only one. New Hampshire homeownership rates exceed 71% and number around 640,000 housing unitsAccording to the US Census Bureau 2018 American Community Survey.

While the national average housing price is $ 229,700, New Hampshire’s average housing price is over $ 270,000. You can expect to pay a lower price for homes in some areas around the state.

US News’ Best New Hampshire 2020 Mortgage Lender

The lender
American news rating
3% Min. advanced payment
600 Min. credit score
The lender
American news rating
3% Min. advanced payment
620 Min. credit score
The lender
American news rating
3% Min. advanced payment
600 Min. credit score
The lender
American news rating
10% Min. advanced payment
620 Min. credit score
The lender
American news rating
3% Min. advanced payment
620 Min. credit score

Best for large loan amount

Bank of America serves approximately 66 million customers in all 50 states. The lender offers traditional, Federal Housing Administration, Department of Veterans Affairs and Jumbo loans, as well as home equity lines of credit and mortgage refinancing.

Lender highlights

  • Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
  • Minimum FICO Credit Score: 600
  • Maximum loan amount: $ 5 million
  • Better Business Bureau Rating: A +

Best counter

  • Different types of mortgages

  • Annual percentage rate or closing cost rebate for qualifying Bank of America and Merrill Lynch clients

  • No closing costs and no annual, balance transfer and cash advance fees for Halox.

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Best for low cost

Chase, one of the largest banks in the country, offers mortgage and refinance loans to qualified borrowers. Home equity loans and HELOC are also available.

Before you apply

  • Mortgage Type Offered: ARM, Traditional, FHA, Jumbo, Refinance and VA
  • Minimum FICO Credit Score: 620
  • Maximum loan amount: $ 3 million
  • Better Business Bureau Rating: A +

Best counter

  • Accepts up to 3% down payment

  • Receives high marks from Better Business Bureau

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Best for product selection

Guild Mortgage, established in 1960, specializes in home loans and serves lenders around the country. The complete lender of products includes traditional and government-backed mortgages and home equity loans.

Before you apply

  • Mortgage Type: ARM, Traditional, FHA, Jumbo, Manufactured Homes, Refinance, Reverse, USDA & VA
  • Minimum FICO Credit Score: 600
  • Maximum loan amount: Different
  • Better Business Bureau Rating: A +

Best counter

  • Receives strong customer service rating from Better Business Bureau

  • Offers a wide range of mortgage products

  • Offers exclusive mortgage programs for first time buyers and manufactured homebuyers

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Best for customer service

LoanDepot was founded in 2010 and has since funded over $ 70 billion in mortgages. It offers FHA, traditional and other mortgage options. Borrowers with a FICO credit score as low as 580 may qualify for a loan.

main characteristics:

  • Mortgage Type Offered: Traditional, FHA, VA, ARM, Refinance (Conventional), Refinance (FHA), Refinance (VA), Home Equity Loan
  • Minimum FICO Credit Score: 500 with conditions
  • Maximum debt-to-income ratio: 43% for FHA
  • Maximum combined debt-to-value ratio: 90%
  • JD Power Satisfaction Rating: Four out of five

Best counter

  • LoanDepot mortgages have a lifetime guarantee, meaning that if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fee and reimburse the appraisal fee.

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Best for product availability

Quick Loan is a nationwide mortgage lender with several mortgage options. Known for customer service, the lender has an A + Better Business Bureau rating and received a rating of five (out of the best) in the 2018 US Primary Mortgage Organization Satisfaction Study.

Highlight:

  • Mortgage Type Offered: ARM, FHA, VA, Refinance (FHA), USDA, Traditional, Refinance (Traditional)
  • Minimum FICO Credit Score: 580 (FHA), other loans vary
  • Maximum debt-to-income ratio: 60%
  • JD Power Satisfaction Rating: Five out of five

Best counter

  • The complete loan procedure is available online.

  • Wide variety of mortgage products.

  • Good customer service rating.

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Best for va loan

Giants United Home Loans provides mortgages to veterans and military families in all 50 states and Washington, DC, and specializes in VA loans. In 2019, Veterans United Home Loan generated the largest VA loan in the nation.

Before you apply

  • Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
  • Minimum FICO Credit Score: 660
  • Maximum loan amount: $ 1.5 million
  • Better Business Bureau Rating: A +

Best counter

  • No military service required

  • No minimum loan amount set

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What are the mortgage rates in New Hampshire?

Average interest rate for a 30 year fixed rate Mortgaging in New Hampshire 2.9%. House interest rates Range from 2.63% to 3.38% In New Hampshire.

What are today’s mortgage rates?

Loan type

Rate of this week

Last week rate

30-Year Fixed Rate Mortgage 2.96% 3.06%
15-Year Fixed Rate Mortgage 2.48% 2.62%
30-Year Fixed-Rate Jumbo Mortgage 2.96% 3.01%
5/1 ARM 3.04% 3.03%
5/1 Jumbo ARM 2.92% 2.89%

* Rates up to November 13, 2020

mortgage calculator

Is your dream home within reach? US News’ mortgage calculator will show you how much home you can buy.

What are some New Hampshire homebuyer programs?

The New Hampshire Housing Finance Authority offers several programs to help homebuyers in New Hampshire buy a home. These include tax credits, down payments or closing cost assistance, rehab loans, and other mortgages for lower mortgage insurance requirements.

  • available to: Qualified New Hampshire Homebuyers.
  • Income Range: Income up to $ 135,300.
  • First time homebuyers only? No.
  • Benefit: The Federal Housing Administration, Veterans Affairs or the United States Agricultural Rural Development Mortgage has up to 3% of the loan amount in cash payments as a down payment or closing cost assistance as a four-year second mortgage.

  • available to: Qualified New Hampshire Homebuyers.
  • Income Range: Up to 80% area average income.
  • First time homebuyers only? No.
  • Benefit: Traditional mortgage up to 3% of the loan amount in cash for down-payment or closing cost assistance as an excusable second mortgage.

  • available to: Homebuyers from New Hampshire eligible to purchase Fixer-Upper.
  • Income Range: Income up to $ 135,300.
  • First time homebuyers only? No.
  • Benefit: Allows you to add up to $ 35,000 to your purchase mortgage for repairs and upgrades; Qualify with less than 3.5% payment.

  • available to: Qualifying New Hampshire borrowers who finance their homes with New Hampshire Housing First Mortgage.
  • Income Range: Different by region and household size (see) Income range).
  • Homebuyers for the first time only? No.
  • Benefit: A federal tax credit of up to $ 2,000 per year based on interest.

  • available to: Qualifying New Hampshire homebuyers in specific New Hampshire resident-owned communities.
  • Income Range: Income up to 80% of the region’s income.
  • Homebuyers for the first time only? No.
  • Benefit: Lower traditional rates, payments as low as 5% and lower mortgage insurance requirements.

Advertisement Disclosure: Some of the loan offers on this site are from companies that are advertising customers of US News. Advertising considerations can influence where offers appear on the site but do not affect any editorial decisions, such as which loan products we write about and how to evaluate them. This site does not include all loan companies or all loan offers available in the market.

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