New Hampshire’s Best Mortgage Lenders & Current Mortgage Rates

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Is a move to the Granite State in your future? You wouldn’t be the only one. New Hampshire’s homeownership rate is over 71% and it has nearly 640,000 housing units, according to the U.S. Census Bureau’s 2018 American Community Survey.

While the national median housing value is $229,700, New Hampshire’s median housing value comes in higher at $270,000. You can expect to pay lower prices for homes in certain areas around the state.

U.S. News’ Best New Hampshire Mortgage Lenders of 2020

  • Bank of America: Best lender for loans for up to 100% of the appraised value of the home.

  • Chase: Best lender for loans up to $3,000 at closing with the Chase Homebuyer grant and completion of a homebuyer education course.

  • Guild Mortgage: Best lender for loans for up to $3 million.

  • loanDepot: Best lender for waived lender fees on future refinancing.

  • Quicken Loans: Best lender for good customer satisfaction ratings.

  • Veterans United Home Loans: Best lender for focused service for veterans and service members.

Methodology: U.S. News conducted an in-depth review of leading direct mortgage lenders in New Hampshire. Research was based on program availability, customer satisfaction ratings and qualification requirements. Because each consumer has different needs, the top finishers in several key areas were chosen.

Best lender for loans for up to 100% of the appraised value of the home.

A major financial institution serving homeowners nationwide, Bank of America has good customer satisfaction ratings. The bank has an A+ Better Business Bureau rating and a J.D. Power rating of four, which is better than most.

Highlights:

  • Mortgage types offered: Conventional, VA, FHA, refinance, home equity
  • Minimum FICO score: 620
  • Maximum loan-to-value ratio: 100%
  • Maximum debt-to-income ratio: 55%
  • Loan amounts: Up to $5,000,000
  • Total closing costs: Varies
  • J.D. Power overall satisfaction rating: Four out of five

Best Features

  • Bank of America has a wide variety of mortgage products.

  • The lender offers annual percentage rate or closing cost discounts for qualifying Bank of America and Merrill Lynch clients.

  • Home equity lines of credit have no annual, balance transfer or cash advance fees or closing costs.

See full profile

Best lender for loans for up to $3 million.

Guild Mortgage, founded in 1960, specializes in home loans and serves borrowers nationwide. The lender’s full suite of products includes conventional and government-backed mortgages and home equity loans.

Before You Apply

  • Mortgage types: ARMs, conventional, FHA, jumbo, manufactured home, refinance, reverse, USDA and VA
  • Minimum FICO credit score: 600
  • Maximum loan amount: varies
  • Better Business Bureau rating: A+

Best Features

  • Receives strong customer service ratings from the Better Business Bureau

  • Offers a broad range of mortgage products

  • Provides special mortgage programs for first-time buyers and manufactured homebuyers

See full profile

Best lender for waived lender fees on future refinancing.

LoanDepot was established in 2010 and since then has financed more than $70 billion in mortgages. It offers FHA, conventional and other mortgage options. Borrowers may qualify for a loan with a FICO credit score as low as 580.

Highlights:

  • Mortgage types offered: Conventional, FHA, VA, ARM, Refinancing (conventional), Refinancing (FHA), Refinancing (VA), Home equity loans
  • Minimum FICO credit score: 500 with conditions
  • Maximum debt-to-income ratio: 43% for FHA
  • Maximum combined loan-to-value ratio: 90%
  • J.D. Power satisfaction rating: Four out of five

Best Features

  • LoanDepot mortgages have a lifetime guarantee, which means if you ever decide to refinance an existing loanDepot loan, the company will waive the lender fees and reimburse appraisal fees.

See full profile

Best lender for good customer satisfaction ratings.

Quicken Loans is a nationwide mortgage lender with several mortgage options. Known for customer service, the lender has an A+ Better Business Bureau rating and received a rating of five (among the best) in the 2018 U.S. Primary Mortgage Origination Satisfaction Study.

Highlights:

  • Mortgage types offered: ARM, FHA, VA, Refinancing (FHA), USDA, Conventional, Refinancing (conventional)
  • Minimum FICO credit score: 580 (FHA), other loans vary
  • Maximum debt-to-income ratio: 60%
  • J.D. Power satisfaction rating: Five out of five

Best Features

  • Complete loan process available online.

  • Wide variety of mortgage products.

  • Good customer service ratings.

See full profile

Best lender for focused service for veterans and service members.

Veterans United Home Loans provides mortgages to veterans and military families in all 50 states and Washington, D.C., and specializes in VA loans. In 2019, Veterans United Home Loans generated the largest number of VA loans in the nation.

Before You Apply

  • Mortgage types: ARMs, conventional, FHA, refinance, USDA and VA
  • Minimum FICO credit score: 660
  • Maximum loan amount: $1.5 million
  • Better Business Bureau rating: A+

Best Features

  • Requires no military service

  • Sets no minimum loan amount

See full profile

What Are the Mortgage Rates in New Hampshire?

The average interest rate for a 30-year fixed-rate conforming mortgage in New Hampshire is 2.95%. Home interest rates range from 2.5% to 3.63% in New Hampshire.

What Are Today’s Mortgage Rates?







Loan Types

This Week’s Rate

Last Week’s Rate

30-Year Fixed Rate 3.03% 3.11%
15-Year Fixed Rate 2.64% 2.64%
30-Year Fixed Jumbo Rate 3.05% 3.17%
5/1 ARM Rate 3.37% 3.32%
5/1 ARM Jumbo Rate 3.37% 3.43%

*Rates as of Aug. 19, 2020

Mortgage Calculator

Is your dream home within reach? U.S. News’ mortgage calculator will show you how much house you can afford.

What Are Some New Hampshire Homebuyer Programs?

New Hampshire Housing Finance Authority provides multiple programs to help New Hampshire homebuyers purchase a home. These include tax credits, forgivable second mortgages for down payment or closing cost assistance, rehab loans and low mortgage insurance requirements.

  • Available to: Eligible New Hampshire homebuyers.
  • Income limits: Incomes up to $135,300.
  • First-time homebuyers only? No.
  • Benefits: Federal Housing Administration, Veterans Affairs or United States Department of Agriculture Rural Development mortgage with up to 3% of the loan amount in cash funds for down payment or closing cost assistance in the form of a forgivable four-year second mortgage.

  • Available to: Eligible New Hampshire homebuyers.
  • Income limits: Up to 80% area median income.
  • First-time homebuyers only? No.
  • Benefits: Conventional mortgage with up to 3% of the loan amount in cash funds for down payment or closing cost assistance in the form of a forgivable second mortgage.

  • Available to: Eligible New Hampshire homebuyers buying a fixer-upper.
  • Income limits: Incomes up to $135,300.
  • First-time homebuyers only? No.
  • Benefits: Allows you to add up to $35,000 to your purchase mortgage for repairs and upgrades; qualify with a down payment as low as 3.5%.

  • Available to: Qualifying New Hampshire borrowers who finance their homes with a New Hampshire Housing first mortgage.
  • Income limits: Vary by area and household size (see income limits).
  • First-time homebuyers only? No.
  • Benefits: A federal tax credit of up to $2,000 per year based on interest paid.

  • Available to: Qualifying New Hampshire homebuyers in specific New Hampshire resident-owned communities.
  • Income limits: Incomes up to 80% of the area median income.
  • First-time homebuyers only? No.
  • Benefits: Low conventional rates, down payment as low as 5% and low mortgage insurance requirements.

Advertising Disclosure: Some of the loan offers on this site are from companies
who are advertising clients of U.S. News. Advertising considerations may impact
where offers appear on the site but do not affect any editorial decisions,
such as which loan products we write about and how we evaluate them. This site
does not include all loan companies or all loan offers available in the marketplace.



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