New Hampshire FHA Loan Rates, Closing Costs & Stats
New Hampshire
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
6.65%
for the week of 2024-12-06, compared to the national average (all FHA variants) of
6.363% for the same period.
New Hampshire's average FHA mortgage closing costs are $8,745.
The average rate for the prior week (2024-11-29) was
6.49% and
one month ago for the week of 2024-11-01, the
average rate was 6.49%.
The average rate one year ago was 6.92%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.55%.
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).