Interest Rate
Average home price

Your mortgage rate in the Granite State will depend on a wide variety of factors, including your credit score, how much of a down payment you can put down, your debt-to-income ratio, and your level of income. If you’re planning to buy a home in New Hampshire, you’ll want to take a few steps to ensure you are getting the best mortgage rate possible.

Checking your credit before you apply for a home loan, making sure all of your documentation is in order, and getting preapproved by a reputable mortgage lender are all good ways to help yourself get the best mortgage rate in New Hampshire.

Here’s a quick look at current New Hampshire mortgage rates:

Loan Program Mortgage Rate APR* 1 Day Change
Conventional 30 year fixed 6.474% 6.543% -0.11%
Conventional 15 year fixed 5.807% 5.939% +0.03%
Conventional 5 year ARM 6.648% 7.662% -0.03%
FHA 15 year fixed 6.5% 7.2% Unchanged
FHA 30 year fixed 6.01% 6.775% Unchanged
VA 30 year fixed 5.875% 6.17% Unchanged
VA 5 year ARM 6.312% 7.11% Unchanged

Data source: ©Zillow, Inc. Use is subject to the Terms of Use

Buying a Home in New Hampshire

Thinking about buying a home in New Hampshire? This could be a great time to find your dream home in the Granite State. Here’s what you need to know:
New Hampshire has a dense population of around 1.3 million people, and one in four dwell in the state’s top five biggest cities:

  • Manchester
  • Nashua
  • Concord (state capital)
  • Dover
  • Rochester

Next, find out how much home you can afford. New Hampshire ranks 20th in US homes for sale at average price, and 39st for homes over $1,000,000. Getting preapproved can help you know what your budget is before you go house hunting.

First-time Homebuyers

There are several first-time homebuyer loan programs through programs administered by the New Hampshire Housing Finance Authority (also known as New Hampshire Housing):
The New Hampshire Housing Home Flex Plus program offers down payment and closing cost assistance equal to up to 4% of your mortgage as a second mortgage. It can be forgiven in full after four years of living in the home, unless you sell your home, refinance the first mortgage, or file for bankruptcy, in which case the loan must be repaid.
The New Hampshire Housing Home Preferred Plus program also offers forgivable down payment and closing cost assistance up to 4% but is paired with a conventional loan for up to 97% financing and discounted mortgage insurance.

To qualify for these first-time home buyer programs in New Hampshire, you’ll need:

  • 620 minimum credit score
  • Must complete homebuyer education course (online or in person)
  • Must meet New Hampshire Housing income limit

Refinancing in New Hampshire

Several options are available that will help you refinance a home in New Hampshire and take advantage of favorable New Hampshire mortgage rates:

  • Refinance for a more favorable interest rate
  • Refinance for a longer term on your loan
  • Refinance to cash-out equity you’ve built up
  • Refinance to remove no longer applicable private mortgage insurance (PMI)

You may qualify for a streamlined refinance if you have the right kind of loan. Ask your lender for more information.


Buying a Home?

Each step-by-step guide is designed to shepherd you through a process from start to finish. Know what to expect and how to proceed, no matter where you are in your home buying journey.

1 The First Step in Buying a Home – Preapproval

What Is a Mortgage Preapproval? | How Much Will My Monthly Payment Be? | How Much Will My Down Payment Be? | How Long Does a Mortgage Preapproval Last? | What Is the Difference Between a Standard Preapproval and an Underwritten Preapproval?

Read More

3 How much money do I need?

How Can I Lower My Mortgage Payment? | How Can I Lower My Closing Costs? | When Do I Pay Out-Of-Pocket Costs? | What are Prepaid Items or Escrows? | What Will My Closing Costs Be?

Read More

4 The Basics of Mortgage

What Documents Need to be Updated During the Home Loan Process? | What Contingencies Do I Need? | How Important is the Closing Date? | Steps in the Loan Process | Understanding Common Mortgage Terms

Read More

5 Finding a Real Estate Agent

What Are the Top 6 Questions to Ask a Real Estate Agent? | Should I Use the Seller's Real Estate Agent? | Are Online Discount Realty Services a Good Idea? | How Much Does a Buyer's Real Estate Agent Cost? | Why Do I Need a Real Estate Agent to Buy a Home?

Read More
Stay informed with what's important to you

Subscribe for Notification

Notification popup

Selected options