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
6.6%
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).