Our Mortgage Programs

New Hampshire Housing's mortgage products offer the same great basic features:

Our mortgage programs are targeted to homebuyers with incomes up to $126,700.  Beyond these great features, explore below for specifics about our two main mortgage products, Home Flex and Home Preferred, as well as our Home Start Homebuyer Tax Credit Program.

Our Home Flex Plus (FHA, VA & RD) program and our Home Preferred Plus (Conventional), both provide cash assistance for up to 3% of base loan amount to help with your downpayment, and closing cost. The Cash Assistance comes in the form of a second mortgage and forgiven in full after four years unless during the first four years, the borrower: 1) sells; 2) refinances; or 3) files for bankruptcy, in which case the borrower must repay the Cash Assistance.

If you are thinking of buying a fixer-upper, our Home Flex Plus can even be combined with our Purchase Rehab Program which provides up to $35,000 in funds to help rehab your new home. 

The Home Flex and Home Flex Plus are Government insured mortgage programs (FHA, VA, and USDA RD). Borrowers must complete homebuyer education. 

Our Home Preferred Plus program is a conventional Fannie Mae program that can provide you up to 3% in cash assistance to help with downpayment and closing cost.

Contact a Participating Lender to learn more.

Our Home Preferred provides 97% LTV conventional mortgage financing with a low, discounted mortgage insurance options. As a result, Home Preferred is able to offer lower monthly payments when compared to other conventional or government-insured loans. Home Preferred mortgages are ideal for purchasers, or those seeking to refinance, who are seeking a low monthly payments with a reduced mortgage insurance premium. 

Contact a Participating Lender to learn more.

If you're buying a fixer-upper, New Hampshire Housing offers a Purchase Rehab mortgage program that allows you to add up to a $35,000 to your purchase mortgage, with as little as 3.5% down, to assist with repairs and upgrades.  Our Purchase Rehab program is a government-insured mortgage option that can even be combined with our Home Flex Plus, providing you  up to 3% in cash funds to help with your downpayment and closing costs.  

Purchase Rehab can cover things like cosmetic repairs and upgrades, energy-efficiency improvements, safety improvements, and other repairs that add value to the property (please note: no structural repairs are allowed under this program). Benefits of this program include a one-time closing on your mortgage and rehabilitation loan.  

Contact a Participating Lender to learn more.

The Home Start Homebuyer Tax Credit makes homeownership more affordable for first-time homebuyers.  The Homebuyer Tax Credit can decrease the federal income taxes you owe, thereby boosting your take-home pay, which may help you qualify for a mortgage and make your mortgage payments. The Homebuyer Tax Credit is not a one-time credit—it is an annual credit for the life of the original mortgage, as long as you live in the home.  Contact a Participating Lender today to learn more.

To learn more about the Homebuyer Tax Credit, view the video.

Home Preferred No MI provides you with conventional mortgage financing terms and a No MI mortgage insurance option. WIth Home Preferred No MI those wishing to purchase or refinance can get a low monthly payment mortgage, with No MI with as little as 3% down (97% LTV).

Contact a Participating Lender to learn more.

Home Preferred Manufactured Housing ROCs provides homebuyers and current homeowners in qualified New Hampshire Resident-Owned Communities (ROCs) with affordable conventional financing options, including a low fixed rate, low downpayment, and low mortgage insurance options. 

Currenlty in New Hampshire there are 10 ROCs that qualify for this program:

  Find out more now!