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 6.07% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

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

The average rate for the prior week (2023-05-19) was 6.24% and one month ago for the week of 2023-04-21, the average rate was 6.08%.

The average rate one year ago was 5%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.28%.

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).