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 0.29% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

    New Hampshire's average FHA mortgage closing costs are $8,745.

    The average rate for the prior week (2024-11-08) was 6.7% and one month ago for the week of 2024-10-11, the average rate was 6.1%.

    The average rate one year ago was 7.34%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.39%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 226 6.12% $13,997
    UNITED WHOLESALE MORTGAGE, LLC 114 6.48% $13,908
    GUILD MORTGAGE COMPANY 112 6.71% $11,946
    CMG MORTGAGE, INC. 103 6.89% $12,853
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 83 6.70% $10,613
    CROSSCOUNTRY MORTGAGE, LLC 82 6.80% $14,213
    MOVEMENT MORTGAGE, LLC 68 6.79% $13,143
    EMM LOANS LLC 67 6.32% $12,467
    LOANDEPOT.COM, LLC 64 6.34% $14,538
    HARBORONE MORTGAGE, LLC 55 6.57% $11,276
    Mr. Cooper ( Nationstar Mortgage ) 34 6.07% $19,112
    PENNYMAC LOAN SERVICES, LLC 31 6.12% $14,938
    EVERETT FINANCIAL, INC. 26 7.00% $10,749
    American Mortgage & Equity Consultants, Inc. 26 6.90% $14,757
    FREEDOM MORTGAGE CORPORATION 26 6.98% $18,661
    PRIMELENDING, A PLAINSCAPITAL COMPANY 25 6.67% $12,003
    NEWREZ LLC 25 6.36% $16,317
    TOTAL MORTGAGE SERVICES, LLC 24 6.59% $12,551
    NORTHPOINT MORTGAGE, INC. 23 6.39% $14,581
    BROKER SOLUTIONS, INC. 22 6.77% $15,888
    MUTUAL OF OMAHA MORTGAGE, INC. 22 6.60% $17,526
    AMERISAVE MORTGAGE CORPORATION 20 5.98% $18,110
    Waterstone Mortgage Corporation 19 6.54% $12,029
    NEW FED MORTGAGE, CORP. 19 6.83% $13,721
    GUARANTEED RATE, INC. 17 6.44% $13,251
    Carrington Mortgage Services, LLC 17 6.38% $17,943
    RELIANCE FIRST CAPITAL, LLC 17 6.48% $15,631
    LAKEVIEW LOAN SERVICING, LLC 16 6.05% $15,785
    ENVOY MORTGAGE, LTD 16 6.80% $13,531
    Keystone Funding, Inc. 16 6.46% $13,320
    HOMEBRIDGE FINANCIAL SERVICES, INC. 15 6.67% $13,498
    GUARANTEED RATE AFFINITY, LLC 13 6.86% $17,229
    EMBRACE HOME LOANS, INC. 13 6.50% $11,191
    POLARIS HOME FUNDING CORP. 13 6.84% $15,976
    MORTGAGE EQUITY PARTNERS LLC 13 6.73% $16,712
    Sierra Pacific Mortgage Company, Inc. 12 6.37% $19,987
    CARDINAL FINANCIAL 11 6.58% $19,220
    LEADERONE FINANCIAL CORPORATION 10 6.70% $12,189
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.88% $11,572
    The Federal Savings Bank 9 6.47% $23,947
    Citizens Bank 8 6.80% $9,363
    RADIUS FINANCIAL GROUP INC. 8 6.13% $9,861
    AMERICAN FINANCING CORPORATION 7 6.87% $11,277
    Equity Prime Mortgage LLC 7 7.04% $19,370
    Home Loan Investment Bank, F.S.B. 7 6.79% $11,713
    FIRST MORTGAGE COMPANY, INC. 7 6.50% $14,342
    Flagstar Bank, FSB 6 6.89% $11,381
    PLANET HOME LENDING, LLC 6 5.92% $17,759
    BAY EQUITY LLC 5 6.55% $11,121
    U.S. Bank 5 6.70% $13,105
    NORWICH COMMERCIAL GROUP, INC. 5 6.03% $11,195
    Mortgage Research Center, LLC 5 7.28% $6,757
    Paramount Residential Mortgage Group, Inc. 5 6.43% $10,816
    NATIONS RELIABLE LENDING, LLC 5 6.50% $12,073
    SALEM FIVE MORTGAGE COMPANY, LLC 5 6.83% $11,183
    NATIONS DIRECT MORTGAGE, LLC 5 7.48% $19,033
    Nations Lending Corporation 5 6.23% $14,714
    Evolve Bank & Trust 5 6.43% $15,041
    Union Bank 4 6.09% $7,321
    OCMBC, INC. 4 7.06% $15,783
    NFM, INC. 3 7.08% $11,313
    VILLAGE CAPITAL MORTGAGE 3 7.54% $11,012
    First Savings Bank 3 5.46% $17,473
    Bangor Savings Bank 3 6.00% $10,951
    Cornerstone First Mortgage, Inc 3 6.37% $15,568
    LIBERTY HOME MORTGAGE CORPORATION 3 7.17% $16,704
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.19% $12,277
    AMERICAN FINANCIAL NETWORK, INC. 2 7.38% $22,578
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.13% $19,595
    Barrington Bank & Trust Company, N.A. 2 5.63% $8,503
    Century Mortgage Company DBA Century Lending Company 2 6.19% $15,441
    CHURCHILL MORTGAGE CORPORATION 2 6.00% $16,693
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.88% $11,538
    INTEGRITY MORTGAGE LLC 2 7.13% $15,505
    Leader Bank 2 6.19% $12,560
    MID-ISLAND MORTGAGE CORP. 2 6.50% $13,486
    M&T Bank 2 6.31% $14,733
    PHH Mortgage Corporation 2 6.38% $12,534
    PLAZA HOME MORTGAGE, INC. 2 6.88% $13,594
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.69% $14,340
    Prosperity Home Mortgage, LLC 2 6.25% $13,062
    RUOFF MORTGAGE COMPANY, INC. 2 5.63% $7,736
    Semper Home Loans, Inc. 2 7.55% $14,382
    TD Bank 2 5.88% $5,192
    VAN DYK MORTGAGE CORPORATION 2 6.88% $10,618
    Berkshire Bank 1 6.50% $11,472
    Ixonia Bank 1 7.00% $23,901
    Princeton Mortgage Corporation 1 6.25% $8,022
    AmeriHome Mortgage Company, LLC 1 6.13% $13,489
    HOMESTEAD FUNDING CORP. 1 6.75% $8,779
    HOMESIDE FINANCIAL, LLC 1 6.25% $14,124
    Goldwater Bank, N.A. 1 6.25% $21,023
    Ross Mortgage Company, Inc. 1 7.75% $10,469
    Wells Fargo Bank 1 6.63% $14,413
    GENEVA FINANCIAL, LLC 1 7.25% $13,789
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.75% $13,543
    Shamrock Home Loans, Inc. 1 7.13% $16,777
    FIRST HOME MORTGAGE CORPORATION 1 6.63% $21,621
    ACADEMY MORTGAGE CORPORATION 1 7.25% $13,361
    SUMMIT FUNDING, INC. 1 6.75% $21,613
    SUN WEST MORTGAGE COMPANY, INC. 1 6.99% $8,422
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.00% $14,855
    DREW MORTGAGE ASSOCIATES, INC. 1 7.25% $9,899
    The Washington Trust Company, of Westerly 1 6.49% $10,248
    CONTOUR MORTGAGE CORPORATION 1 6.63% $22,986
    MID AMERICA MORTGAGE, INC. 1 7.38% $11,579
    MEMBER FIRST MORTGAGE, LLC 1 6.63% $7,869
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.63% $21,955
    Bethpage Federal Credit Union 1 6.00% $3,387
    Plains Commerce Bank 1 5.75% $11,893
    Magnolia Bank 1 7.13% $6,574
    UNION HOME MORTGAGE CORP. 1 7.25% $12,372
    Lakeview Community Capital, LLC 1 6.75% $25,874

    The top New Hampshire FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 226 FHA loans originated. Their average total fees are $13,997, which is $90 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee New Hampshire FHA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,613), EVERETT FINANCIAL, INC. ($10,749), EMBRACE HOME LOANS, INC. ($11,191), HARBORONE MORTGAGE, LLC ($11,276) and GUILD MORTGAGE COMPANY ($11,946).

    The lowest rate New Hampshire FHA lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (5.98%), LAKEVIEW LOAN SERVICING, LLC (6.05%), Mr. Cooper ( Nationstar Mortgage ) (6.07%), QUICKEN LOANS, LLC (6.12%) and PENNYMAC LOAN SERVICES, LLC (6.12%).

    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).