New Hampshire Housing Solutions
Making Homeownership Happen in New Hampshire
Looking to purchase a home in New Hampshire? We can help! We partner with New Hampshire Housing to provide flexible solutions that could bring you closer to home.
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Home First & Home First Plus Programs
With New Hampshire Housing's Home First and Home First Plus Programs, homebuyers benefit from a low fixed-rate loan and $10,000 in cash assistance for down payment and closing costs. It’s a win-win.
- Must be a first-time homebuyer (no ownership in the past 3 years) or buying in a targeted area
- Must meet requirements for income and purchase price limits for the town in which the property is located
- $10,000 cash assistance is a 4-year forgivable second mortgage at zero percent interest
- Must be purchasing a single-family home (1-4 unit)
- Must be an owner-occupied primary residence
Home Preferred & Home Preferred Plus Programs
With the Home Preferred and Home Preferred Plus Programs,homebuyers benefit from conventional financing plus assistance with down payment and/or closing costs.
- Home Preferred offers fixed-rate conventional financing with a greatly reduced mortgage insurance option and no loan level price adjustments.
- Can be combined with NH Housing cash assistance that provides funds for down payment and closing costs.
- The cash assistance is a 4-year forgivable second mortgage at zero percent interest
REQUIREMENTS: Only available with government insured programs. Minimum FICO 620. Homebuyer education required for first-time homebuyers and those using down payment cash assistance. Cannot be combined with the Homebuyer Tax Credit Program. May be subject to a Recapture Tax if the home is sold within the first 9 years, there is home appreciation and the borrower exceeds certain income limits.
Home Flex & Home Flex Plus Programs
With the Home Flex and Home Flex Plus Programs, homebuyers benefit from many great options, including money for down payments and closing costs, rehab loans, and refinancing.
- The Home Flex Program includes government-insured financing at a great low fixed-rate mortgage with no loan level price adjustments.
- Can be combined with our cash assistance that provides funds for downpayment and closing costs.
- The cash assistance is a 4-year forgivable second mortgage at zero percent interest.
REQUIREMENTS: Must be an owner-occupied primary residence. Qualifying income up to $151,200. Homebuyer education required for first-time homebuyers and those using down payment cash assistance. Minimum FICO 620.
Home Preferred for Manufactured in ROCs Program
With the Home Preferred for Manufactured Housing in ROCs Program, homebuyers financing in an approved ROC benefit from affordable rates with as low as 5% down. A sweet deal!
- The Home Preferred for Manufactured Housing in ROCs Program is only available for Fannie Mae approved Resident-Owned Communities.
- Mortgage financing is available for new homebuyers and existing homeowners in approved ROCs.
- Affordable conventional rates with as low as 5% down payment.
- Low mortgage insurance requirements and refinancing options available.
REQUIREMENTS: Must be an owner-occupied primary residence. Qualifying income up to $151,200. Homebuyer education required for first-time homebuyers. Minimum FICO 620.
Homebuyer Tax Credit Program
With the Homebuyer Tax Credit Program, homebuyers can save up to $2,000 annually for the life of their loan. Imagine that!
- The Homebuyer Tax Credit Program provides borrowers with a Mortgage Credit Certificate (MCC).
- It provides a federal tax credit of up to $2,000 each year is available for as long as you pay mortgage interest and occupy the home.
- This decreases the taxes you owe and may boost your take-home pay, which can help you qualify for a mortgage.
REQUIREMENTS: Must be a first-time homebuyer, no ownership in the past 3 years, or buying in a targeted area. Must meet income and purchase price limits for the town in which the property is located. Single-family properties only. Must be an owner-occupied primary residence.
Purchase Rehab Program
With the Purchase Rehab Program, homebuyers can add up to $35,000 to a mortgage, with as little as 3.5% down, to assist with repairs and upgrades to a fixer-upper. The dream is real.
- The Purchase Rehab Program is a government-insured mortgage that can be combined with the Home Flex Plus program that provides cash assistance to help with down payment and closing costs.
- The Purchase Rehab Mortgage can cover things like cosmetic repairs and upgrades, energy-efficiency and safety improvements, and other non-structural repairs that add value to the property.
- Benefits of this program include up to $35,000 in rehab funds in a one-time mortgage closing.
REQUIREMENTS: Available to borrowers with income up to $151,200. Must use one of our FHA 203k or Rural Development first mortgage products. Available on single and two-unit primary residences only. Not available on manufactured homes. Minimum FICO 620.
Resources & Calculators
Metro mortgages are available for residences located in MA or NH. Programs, rates, terms and conditions subject to change without notice. All loans are subject to credit approval. Credit Union membership is required; members must maintain a membership account with a minimum of $5.00.
