New Hampshire FHA Loan Rates, Closing Costs & Stats

New Hampshire

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    New Hampshire FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in New Hampshire averaged 6.6% for the week of 2023-12-01, compared to the national average (all FHA variants) of 6.949% for the same period.

    New Hampshire's average FHA mortgage closing costs are $8,284.

    The average rate for the prior week (2023-11-24) was 6.52% and one month ago for the week of 2023-10-27, the average rate was 7.22%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2023-12-01, the average rate was 5.31%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    New Hampshire FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the New Hampshire level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 236 4.48% $12,250
    UNITED WHOLESALE MORTGAGE, LLC 213 4.78% $11,258
    GUILD MORTGAGE COMPANY 178 5.24% $10,544
    CMG MORTGAGE, INC. 120 5.31% $10,404
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 117 5.52% $10,652
    CROSSCOUNTRY MORTGAGE, LLC 93 5.08% $12,989
    HARBORONE MORTGAGE, LLC 76 5.36% $9,564
    LOANDEPOT.COM, LLC 72 4.70% $11,632
    EMM LOANS LLC 65 5.22% $11,352
    AMERISAVE MORTGAGE CORPORATION 54 4.44% $12,286
    Mr. Cooper ( Nationstar Mortgage ) 52 4.57% $15,069
    MOVEMENT MORTGAGE, LLC 51 5.04% $9,794
    LAKEVIEW LOAN SERVICING, LLC 50 3.90% $6,980
    FREEDOM MORTGAGE CORPORATION 49 4.83% $12,960
    PENNYMAC LOAN SERVICES, LLC 48 4.45% $11,406
    American Mortgage & Equity Consultants, Inc. 39 5.47% $12,743
    TOTAL MORTGAGE SERVICES, LLC 36 5.02% $11,413
    ENVOY MORTGAGE, LTD 34 5.32% $11,924
    EMBRACE HOME LOANS, INC. 34 5.35% $9,795
    GUARANTEED RATE, INC. 33 4.82% $12,094
    CALIBER HOME LOANS, INC. 31 4.27% $10,387
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 30 5.26% $11,816
    BROKER SOLUTIONS, INC. 30 4.75% $12,332
    NEWREZ LLC 28 4.51% $11,584
    EVERETT FINANCIAL, INC. 26 5.41% $7,195
    HOME POINT FINANCIAL CORPORATION 26 4.22% $10,994
    NEW FED MORTGAGE, CORP. 22 5.36% $11,747
    Mortgage Network, Inc. 22 5.16% $10,424
    Carrington Mortgage Services, LLC 21 5.02% $13,074
    Equity Prime Mortgage LLC 19 5.54% $15,295
    NORTHPOINT MORTGAGE, INC. 19 5.32% $11,140
    HOMEBRIDGE FINANCIAL SERVICES, INC. 19 5.01% $12,967
    MUTUAL OF OMAHA MORTGAGE, INC. 18 4.95% $15,731
    BAY EQUITY LLC 17 5.49% $11,409
    Waterstone Mortgage Corporation 16 5.22% $10,573
    PRIMELENDING, A PLAINSCAPITAL COMPANY 16 5.25% $12,387
    Sierra Pacific Mortgage Company, Inc. 16 5.08% $15,809
    DRAPER AND KRAMER MORTGAGE CORP. 15 5.20% $10,963
    CARDINAL FINANCIAL 14 5.39% $13,892
    RELIANCE FIRST CAPITAL, LLC 13 4.19% $14,323
    MORTGAGE EQUITY PARTNERS LLC 12 5.27% $12,461
    LEADERONE FINANCIAL CORPORATION 12 4.43% $13,257
    FIRST MORTGAGE COMPANY, INC. 11 4.53% $12,114
    Nations Lending Corporation 11 5.11% $11,176
    RADIUS FINANCIAL GROUP INC. 11 5.06% $10,776
    GUARANTEED RATE AFFINITY, LLC 10 5.15% $10,281
    AMERICAN FINANCING CORPORATION 9 4.33% $11,784
    Paramount Residential Mortgage Group, Inc. 9 4.83% $12,989
    First Guaranty Mortgage Corporation 8 3.94% $11,768
    HOMESIDE FINANCIAL, LLC 8 4.98% $14,935
    SALEM FIVE MORTGAGE COMPANY, LLC 7 4.75% $11,308
    The Federal Savings Bank 7 4.75% $14,633
    Home Loan Investment Bank, F.S.B. 7 4.82% $12,367
    Mortgage Research Center, LLC 7 5.53% $7,583
    Shamrock Home Loans, Inc. 5 5.13% $16,137
    Ross Mortgage Company, Inc. 5 4.97% $11,030
    POLARIS HOME FUNDING CORP. 5 6.55% $15,780
    Wyndham Capital Mortgage, Inc. 5 4.80% $8,284
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.20% $11,295
    OCMBC, INC. 4 5.13% $14,761
    Citizens Bank 4 4.63% $8,898
    TD Bank 4 4.19% $8,975
    Bangor Savings Bank 4 4.81% $7,568
    M&T Bank 4 4.53% $15,304
    MYCUMORTGAGE, LLC 4 4.94% $8,518
    AMERICAN FINANCIAL RESOURCES, INC. 4 4.34% $7,667
    NORWICH COMMERCIAL GROUP, INC. 3 5.42% $13,713
    Flagstar Bank, FSB 3 5.67% $9,959
    UNITED MORTGAGE CORP 3 3.88% $12,688
    JPMorgan Chase Bank 3 5.42% $8,019
    Evolve Bank & Trust 3 5.33% $14,732
    Century Mortgage Company DBA Century Lending Company 3 4.54% $17,382
    Republic State Mortgage Co. 3 4.54% $18,787
    Barrington Bank & Trust Company, N.A. 3 3.83% $9,861
    NATIONS RELIABLE LENDING, LLC 3 5.25% $12,575
    NATIONWIDE MORTGAGE BANKERS, INC. 3 4.42% $13,343
    NEW DAY FINANCIAL, LLC 3 5.79% $6,917
    CONTOUR MORTGAGE CORPORATION 3 4.67% $16,241
    Hometown Lenders, Inc. 2 4.50% $11,352
    NBKC BANK 2 5.50% $7,040
    Bank of America 2 3.81% $8,618
    PLANET HOME LENDING, LLC 2 3.50% $6,350
    Magnolia Bank 2 4.56% $9,123
    Leader Bank 2 4.81% $11,792
    GENEVA FINANCIAL, LLC 2 6.44% $14,143
    ZILLOW HOME LOANS, LLC 1 2.88% $14,287
    AmeriHome Mortgage Company, LLC 1 3.63% $9,766
    ARC HOME LLC 1 3.25% $7,192
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $6,061
    Bank of England 1 5.63% $11,678
    BAYCOAST MORTGAGE COMPANY, LLC 1 4.75% $6,223
    Berkshire Bank 1 5.13% $8,707
    BETTER MORTGAGE CORPORATION 1 5.13% $6,978
    BNC National Bank 1 5.25% $6,511
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $11,363
    Colonial Savings, F.A. 1 3.75% $2,668
    CONWAY FINANCIAL SERVICES, LLC 1 7.13% $7,682
    Envision Bank 1 5.25% $8,317
    Fall River Five Cents Savings Bank 1 3.88% $11,061
    FINANCE OF AMERICA MORTGAGE LLC 1 4.25% $9,218
    FIRST COMMUNITY MORTGAGE, INC. 1 5.25% $11,708
    First Home Bank 1 3.50% $11,772
    INTEGRITY MORTGAGE LLC 1 3.50% $15,843
    Lakeview Community Capital, LLC 1 5.00% $12,506
    LIBERTY HOME MORTGAGE CORPORATION 1 5.63% $8,282
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 5.75% $12,689
    MID-ISLAND MORTGAGE CORP. 1 5.75% $8,114
    Mortgage Assurance Inc. 1 2.75% $10,705
    NBT Bank 1 3.00% $8,095
    NFM, INC. 1 5.00% $16,086
    Northpointe Bank 1 5.13% $8,611
    OCEANSIDE MORTGAGE COMPANY 1 4.88% $5,347
    PANORAMA MORTGAGE GROUP, LLC 1 5.25% $8,416
    Paramount Bank 1 5.50% $19,793
    PHH Mortgage Corporation 1 5.25% $12,758
    Plains Commerce Bank 1 5.50% $21,990
    PLAZA HOME MORTGAGE, INC. 1 6.25% $14,670
    PNC Bank 1 5.38% $12,133
    Prime Choice Funding Inc. 1 2.25% $11,298
    RESIDENTIAL BANCORP 1 3.75% $7,718
    SOUTHWEST STAGE FUNDING, LLC 1 6.75% $13,208
    Strong Home Mortgage, LLC 1 2.75% $11,240
    SUN WEST MORTGAGE COMPANY, INC. 1 6.63% $14,303
    T2 FINANCIAL LLC 1 5.63% $13,756
    Texana Bank 1 2.75% $10,969
    The Camden National Bank 1 4.75% $10,091
    The Washington Trust Company, of Westerly 1 4.00% $9,732
    U.S. Bank 1 4.75% $10,352
    VILLAGE CAPITAL MORTGAGE 1 5.38% $14,373

    The top New Hampshire FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 236 FHA loans originated. Their average total fees are $12,250, which is $992 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee New Hampshire FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($6,980), EVERETT FINANCIAL, INC. ($7,195), HARBORONE MORTGAGE, LLC ($9,564), MOVEMENT MORTGAGE, LLC ($9,794) and EMBRACE HOME LOANS, INC. ($9,795).

    The lowest rate New Hampshire FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.90%), RELIANCE FIRST CAPITAL, LLC (4.19%), HOME POINT FINANCIAL CORPORATION (4.22%), CALIBER HOME LOANS, INC. (4.27%) and LEADERONE FINANCIAL CORPORATION (4.43%).

    New Hampshire FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LACONIA, NH BELKNAP 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CARROLL 2022 $420,680 $538,650 $651,050 $809,150
    KEENE, NH CHESHIRE 2022 $420,680 $538,650 $651,050 $809,150
    BERLIN, NH COOS 2022 $420,680 $538,650 $651,050 $809,150
    LEBANON, NH-VT GRAFTON 2022 $420,680 $538,650 $651,050 $809,150
    MANCHESTER-NASHUA, NH HILLSBOROUGH 2022 $430,100 $550,600 $665,550 $827,100
    CONCORD, NH MERRIMACK 2022 $420,680 $538,650 $651,050 $809,150
    BOSTON-CAMBRIDGE-NEWTON, MA-NH ROCKINGHAM 2022 $770,500 $986,400 $1,192,300 $1,481,750
    BOSTON-CAMBRIDGE-NEWTON, MA-NH STRAFFORD 2022 $770,500 $986,400 $1,192,300 $1,481,750
    LEBANON, NH-VT SULLIVAN 2022 $420,680 $538,650 $651,050 $809,150
    LACONIA, NH BELKNAP 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CARROLL 2023 $472,030 $604,400 $730,525 $907,900
    KEENE, NH CHESHIRE 2023 $472,030 $604,400 $730,525 $907,900
    BERLIN, NH COOS 2023 $472,030 $604,400 $730,525 $907,900
    LEBANON, NH-VT GRAFTON 2023 $472,030 $604,400 $730,525 $907,900
    MANCHESTER-NASHUA, NH HILLSBOROUGH 2023 $477,250 $610,950 $738,500 $917,800
    CONCORD, NH MERRIMACK 2023 $472,030 $604,400 $730,525 $907,900
    BOSTON-CAMBRIDGE-NEWTON, MA-NH ROCKINGHAM 2023 $828,000 $1,060,000 $1,281,300 $1,592,350
    BOSTON-CAMBRIDGE-NEWTON, MA-NH STRAFFORD 2023 $828,000 $1,060,000 $1,281,300 $1,592,350
    LEBANON, NH-VT SULLIVAN 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).