The New Hampshire Housing Finance Authority offers programs to help make home buying more affordable in Granite State.
If one of these isn’t right for you, a nationally available mortgage program could open the door for you. National options have low down payment or credit score requirements, making them good choices for many. first time buyers.
Check out these state and national mortgage programs early in your home buying journey.
National programs for first-time home buyers
These nationally available mortgage programs offer low down payment or low credit options.
New Hampshire Housing Highlights and Eligibility Requirements
The New Hampshire Housing Finance Authority offers programs for regular homebuyers and first-time homebuyers to help them become successful homeowners. Explore these New Hampshire housing programs to see if any of them might meet your needs.
Down payment and help with closing costs available.
Condominiums and up to four units are permitted.
Income must generally be equal to or less than $ 137,400.
Available for borrowers with a credit score of 620 and above.
Must take a homebuyer training course for some programs.
Programs for First-Time Home Buyers in New Hampshire
Summary: 2021 New Hampshire First-Time Home Buyers Programs
Home Flex Plus mortgage with down payment and closing cost assistance.
Home Preferred Plus mortgage with down payment and closing cost assistance, plus discounted mortgage insurance.
Buy a rehab mortgage with a low down payment and help with closing costs.
Home Start Tax credit for home buyers for long-term mortgage interest tax savings.
Prefabricated Homes Home Preferred Mortgage resident communities with low down payment requirements and low cost mortgage insurance.
You can learn more about the mortgage process by meeting with a home buying advisor and attending a seminar or taking an online course. Details are available on New Hampshire Housing Website.
Once you’ve familiarized yourself with the mortgage programs available – and before you start shopping for a home – contact one of the agency’s agents. participating lenders to be prequalified for a mortgage.